Globit, the developer of the RISQ | FI Lending limit management platform being used since 10+ years by global banks and TradeAssets, the global bank-to-bank e-marketplace connecting financial institutions, recently signed a strategic collaboration to expand access to advanced FI risk, limit management and asset distribution back-office capabilities for banks across high-growth markets.
RISQ provides banks with a comprehensive framework to manage counterparty exposures across their entire organization.”
— Ozan Vakar, Founder of Globit
TradeAssets currently connects 125 member banks, predominantly across emerging markets, through its marketplace designed to facilitate trade asset distribution, liquidity access and financial institution connectivity. Under the partnership, TradeAssets will introduce Globit’s RISQ platform, covering FI limit management, origination, commitment, sell-down and risk distribution workflows, to existing and prospect member banks across South Asia, the Middle East and Africa.
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The partnership comes at a time when financial institutions face growing complexity in managing counterparty exposures. Global cross-border banking exposures exceed US$40 trillion, while geopolitical tensions, sanctions regimes and regulatory pressures have significantly increased the need for real-time monitoring of financial institution limits. Despite the complexity, many banks still rely on fragmented systems and manual workflows to track exposures across treasury, risk and trade finance functions. Integrated platforms such as RISQ allow banks to centralize FI limit management, improve operational efficiency and strengthen risk governance across the institution.
•Beyond deployment of the RISQ platform, the companies will also explore future interoperability between Globit’s risk infrastructure and the TradeAssets marketplace, enabling banks to seamlessly share assets from RISQ to TradeAssets or receive assets from TradeAssets to RISQ.
•By combining TradeAssets’ global banking ecosystem and distribution reach with Globit’s specialized risk management technology, the partnership aims to provide emerging market banks with access to advanced treasury infrastructure traditionally available only to larger global institutions.
“RISQ provides banks with a comprehensive framework to manage counterparty exposures across their entire organization.” said Ozan Vakar, Founder of Globit. “Through the TradeAssets’ network, we can bring these capabilities to a broader set of financial institutions operating in some of the world’s fastest-growing markets.”
“TradeAssets was built to strengthen connectivity between banks globally,” said Sumit K Roy, Co-founder of TradeAssets. “By partnering with Globit, we can equip our member institutions with sophisticated FI risk and limit management capabilities that support safer and more efficient cross-border banking relationships.”
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