Reuters and Reveleus team up on ERM product

Reuters and Boston-based financial analytics company Reveleus are launching an enterprise risk management solution designed to reflect risks across the trading and banking book.

The joint product monitors, reports and provides limits management for credit, market and operational risk on the trading and banking book. The solution also includes several computational models and will be delivered on Reuters Kondor Global Limits, Reuters Kondor Value at Risk and Reveleus Analytics for Risk.

The deal is an extention of Reuters’ strategy to seek out partners “that offer complementary services or that creates new routes to market for our products”, said Alexander Hungate, chief marketing officer at Reuters.

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