Waters Rankings 2013: Best Credit Risk Solution Provider — Numerix

This allows users to understand what the overall economic impact will be to the organization after a market-moving event, what operational risk exists, and provides the granularity to help risk managers understand the risk of trading losses, notes Steven O’Hanlon, CEO and president of Numerix. 

“The most notable accomplishment that we’ve brought to market is our risk scenario framework,” he says. “You need to check the box of the C-suite to give them comfort and we’re trying to lead the way in that.”

The most significant upgrade made to the Numerix offering was the June launch of a new scripting language for defining bespoke risk scenarios, stress-tests and greeks.