The Vienna-based company successfully continues its international growth strategy as a leading risk management platform
Vienna (OTS) – As of July 2022, the international development bank [British International Investment plc] (https://www.bii.co.uk/en/) (BII) is one of the customers of [FinAPU GmbH] (http://www.finapu.com/). After the Austrian Development Bank AG and Obviam AG, another development bank uses the intelligent risk management platform of the Vienna-based technology and data company. FinAPU is thus successfully continuing its international expansion strategy and now counts over 40 companies and institutions worldwide from the financial, energy and fund sectors among its customers. The platform makes it possible to calculate default risks in portfolios in real time and implement efficient mitigation processes.
Flexible and individualized solution
BII’s high requirements necessitated a comprehensive and flexible design of the risk management solution it was looking for. The British development bank had therefore been looking for a suitable partner to implement its complex list of requirements since the middle of last year. In the course of the implementation, FinAPU adapted the entire qualitative part of the software and designed a custom project finance interface for BII. Karl Tasch, Founder & CEO of FinAPU, explains: “The joint implementation of the project with the risk team of BII was an exciting and rewarding task for us – due to the complex portfolio structure, the high security requirements and the desired time as well as budgetary implementation framework, we set new standards as a service provider.” The BII portfolio is managed centrally from London, with all BII subsidiaries worldwide using the system.
Holistic risk management in real time
The FinAPU risk management platform combines data pooling, risk modeling, process management, analysis and reporting in real time in one front-end with high usability. The smart platform uses collective intelligence and optimizes itself with each user. The integrated workflow system enables effective, audit-proof risk management. “With FinAPU, we are able to assess our diverse business activities in different markets and associated risks in a single platform. In addition to a comprehensive quantitative database, the addition of qualitative elements is particularly important to us. The project finance interface developed specifically for us is an additional USP of our collaboration with FinAPU,” Isabelle Niño, Director of Credit Risk, British International Investment, explains the benefits. BII invests in Africa, Asia and the Caribbean to create more productive, sustainable and inclusive economies and currently partners with over 1,000 companies in emerging markets with total assets of £7.5 billion.
About British International Investment
British International Investment is the new name for the UK’s development bank (formerly CDC Group). British International Investment is a trusted investment partner for businesses in Africa, Asia and the Caribbean. It invests between £1.5 billion and £2 billion each year to support the UK government’s Clean Green Initiative and create productive, sustainable and inclusive economies. British International Investment plays a key role in the UK government’s broader plans to mobilize up to £8 billion a year in public and private investment in international projects by 2025. Over the next five years, climate finance will account for at least 30 percent of BII’s total new commitments. This will make BII one of the world’s largest climate investors in Africa.
BII is also a founding member of the [2X Challenge] (http://www.2xcollaborative.org/), which has raised $10 billion for women’s economic development.The company has investments in over 1,300 companies in emerging markets and has total assets of £7.7 billion.
For more information, visit: www.bii.co.uk.
FinAPU – Financial Application Pooling Unit – combines data pooling, risk models, processes, analytical tools and reporting into a single tool, enabling sovereigns, banks, insurers and corporates to be assessed globally and in real time. This is a powerful solution that delivers consistent and actionable data – internal and external – at every point in the analytics process, helping to identify risks immediately and take precise action. The platform leverages collective intelligence that optimizes from and with each user. FinAPU GmbH was founded in 2010 by risk manager Karl Tasch and works with over 40 clients worldwide.
For more information, visit www.finapu.com
Mag. Karl Tasch
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