RISK MANAGEMENT BRIEFS

Meridien releases brief on the state of the ASP risk space; CIBC-s Internet banking division licenses SunGard-s BancWare for interest rate risk and market valuations.

Meridien Research has released a new brief on the state of Risk Application Service Providers (ASPs). The brief, titled, "Risk ASPs: Chasing the Invisible Market" is an update on two previous pieces covering the ASP marketplace and major vendors providing risk management through an ASP model. Debbie Williams, author of the brief says that while ASP technologies "will ultimately be adopted for use in risk management," she questions who will provide the services and whether they will ultimately attain profitability.

Amicus Corp, the Internet banking division of Canadian Imperial Bank of Commerce (CIBC) has licensed SunGard-s BancWare products to manage interest rate risk and derive market value for its balance sheet and investment portfolio. Amicus will use a suite of BancWare data and asset/liability management products to gather and enhance data from businesses it services and apply option-adjusted valuation to analyze and report interest rate risk. Amicus provides online banking and financial services in North America through alliances with selected firms.