Nasdaq has secured its first client in Asia, Kiatnakin Phatra Securities (KKPS) in Thailand, for its Risk Platform.
This platform provides real-time risk monitoring and decision-making support for financial institutions. The partnership reflects Nasdaq’s role in modernizing Thailand’s financial services ecosystem. The cloud-based service will allow KKPS to swiftly onboard and focus on its core strategy, while also enabling quick scalability during market volatility.
Key Takeaways
- Nasdaq’s Risk Platform has secured its first client in Asia, Kiatnakin Phatra Securities, marking a significant milestone in the modernization of Thailand’s financial services ecosystem.
- The platform provides real-time risk monitoring and control for financial institutions, offering a competitive advantage and the ability to navigate complex markets with precision and insight.
- The partnership between Nasdaq and KKPS aims to set a new standard for innovation in risk management, leveraging cloud-based technology to enhance value for clients and stakeholders.
The Nasdaq Risk Platform is a widely used tool by financial institutions worldwide. It offers a real-time view of risk in both proprietary and client trading portfolios, along with detailed analytics to aid in decision-making. With the increasing market volumes and participation, it is crucial to embrace more advanced risk management practices and tools.
The platform can quickly scale during market volatility, with live stress testing and essential risk management capability. New functionality is delivered to all clients every three weeks, enabling more agile business development cycles compared to traditional on-premises software installations.
Source : Nasdaq
