Thomson Reuters Releases New Version of Kondor Global Risk
Thomson Reuters has enhanced its enterprise-wide risk management product Kondor Global Risk (KGR), incorporating a new dynamic dashboard that provides risk managers with the ability to visualise and interpret their risk exposure. KGR will enable risk managers to undertake a more granular and accurate analysis of risk data points allowing them to manage risk rather than measure it.
Regulators and management boards are demanding more insightful information at an increasingly granular level. These new requirements are putting existing enterprise risk infrastructures under severe stress as the demand for computations and aggregation grows exponentially. This compounded impact is driving the need for risk tools that allow businesses to run global and stress test driven valuations to identify and manage enterprise-wide risk both quickly and accurately.
Andrew White, global head of risk management, Thomson Reuters, said: “Evolving business and regulatory requirements demand that risk managers must collect, analyse and interpret an ever-growing universe of data points to provide granular insight into global risk exposures. Kondor Global Risk addresses this challenge, providing the tools risk managers need to turn a morass of data into intelligent information to support better business decisions. It can re-compute critical risk measures on billions of data points within seconds, with the unique risk radar providing the accuracy and insight they need.”