Criat wins at the Asia Risk Awards 2024
- Sep 26, 2024
- 1 min read
Updated: Sep 30, 2024
Singapore, 26 September 2024 -- We are proud to announce that Criat has been awarded with Highly Commended for the Buy-side risk solution of the year category for the 2024 Asia Risk Awards for iRAP! Find our more here: Asia Risk Technology Awards 2024 - Risk.net
iRAP, intelligent Risk Analysis Platform, is our flagship product for credit risk management.
Credit Risk has been a longstanding concern in financial systems. In the current credit cycle downturn, institutions face unprecedented challenges that differ from previous cycles, impacted by factors including geopolitical tensions, inflation, heightened transactional risk.
As most models used now were created over 40 years ago, buy-side institutions need a technological breakthrough to better manage credit risk.
Unlike the outdated models currently dominating the market, Criat’s Forward Intensity Model was created and tested much more recently in 2009. After years of research and enhancement, iRAP is able to meet the pressing needs of buy-side institutions for credit and investment risk management.
Using our proprietary new-generation Forward Intensity Model, iRAP helps global institutions navigate in unstable market conditions and enhances effective and efficient decision-making. Email enquiry@criat.sg for more information.
This prestigious honor highlights our commitment to cutting-edge technology and client success. We are incredibly proud of our team, whose dedication and hard work made this achievement possible.
A huge thank you to our clients, partners, and the wider Criat network for your trust and support -- we are shaping the future of financial services together!
Congrats on the recognition this was a really interesting read about CRIAT being highly commended in the Buy‑Side Risk Solution of the Year category at the 2024 Asia RI awards. It’s great to see innovation in risk management being noticed, especially in a field that’s obviously super technical and always evolving. I like how the post explains a bit about what the solution does instead of just celebrating the award, because it helps people outside the industry understand why it matters for buy‑side firms that need reliable tools to manage risk and make better decisions under pressure. Achievements like this don’t just reflect well on the team but also show that there’s serious progress happening in the financial tech spac…