Banca Sella and StatPro's Risk Management
module
Banca Sella is one of the oldest regional banks in Italy
and the biggest privately owned bank in Italy. They are among the
most innovative Italian banks and leader in the Internet banking
and trading-on-line business. Their technological skills are
well-known and respected in the industry.
Banca Sella contacted StatPro for a risk management solution for
its asset management operation and their proprietary
portfolios. Soon after, the need
was extended to all their private banking portfolios.
In June we signed the contract. In September we installed
StatPro’s
Risk Management tool and by October the solution was live, covering
all managed portfolios, proprietary and trading portfolios together
with all the private banking accounts, totaling thousands of
portfolios.
A few months later Banca Sella used StatPro's API to develop an
internal tool for their trading-on-line application that monitors
real-time risk of traders, comparing them to the assigned risk
limits. Banca Sella was totally autonomous in developing the tool
and today they have a revolutionary online control of the risk that
their traders are taking in their daily operations.
After one year, Banca Sella signed an extension of StatPro Risk to
cover their retail clients' portfolios. The aim of the Bank was to
be the first bank covering risk for all their clients (asset
managed, traders-on-line, traditional accounts) with Value-at-Risk,
using the same methodology and system that the Bank is using for
their own proprietary and trading portfolios.
"We have chosen StatPro" Pietro Sella, CEO of the Bank says,
"because they have been able to cover all our risk management
needs, ranging from our proprietary portfolios to the smallest
portfolio of our clients. These objectives have been realized with
simple and light hardware requirements and good value. Thanks to
our partnership, today we can claim that Banca Sella is on the
frontier of risk management, extending the concept of having a
timely and precise control of financial risks from our own
portfolios to asset managed portfolios and to all clients of the
Bank."
"Thanks to our partnership, today we can claim that Banca Sella is
on the frontier of risk management"
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