TriNovus Releases Newest Version of Stress Testing Solution For Financial Institutions

TriNovus Releases Newest Version of Stress Testing Solution For Financial Institutions
BankRISK Can Be Calibrated to Emulate Supervisory Capital Assessment Program

Birmingham, Ala., December 1 , 2010 – TriNovus, LLC (www.trinovus.com), a company focused on delivering relevant technology solutions to the financial marketplace, announces a new release of its BankRISK stress testing and capital assessment solution that fulfills the requirements of the latest guidelines set forth by the Federal Reserve.

The Federal Reserve is requiring the nation’s nineteen biggest financial institutions to undergo another round of stress tests, and in an advisory dated November 17, 2010, the Federal Reserve suggests that “a comprehensive capital plan should incorporate a stress testing framework that considers a range and variety of economic, financial market and operational events and outcomes, including very severe ones, to estimate potential capital needs. It should capture, among other elements, management’s estimates of potential losses, revenues and the amount of capital needed to withstand these scenarios and be able to continue to operate in a safe and sound financial condition.”

BankRISK is calibrated to emulate the Supervisory Capital Assessment Program, and it can be adjusted to various levels of stringency using back testing from a robust historical database.

According to Ronald Widner, BankRISK product analyst for TriNovus, regulators’ expectations around stress testing are two-fold. The first part involves quantification and analytics. The second requires developing a game plan to address those results.

“BankRISK is much more than just an off-the-shelf piece of software,” said Widner. “It is a service that helps your bank run the stress tests it is required to do and it devises tactics and strategies to address stress test results so that your bank can ultimately achieve better profitability.”

Banks interested in stress testing can contact TriNovus at 205.991.5636 or email info@trinovus.com.

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the financial marketplace. The TriNovus product suite currently consists of solutions addressing compliance, stress testing, vendor management and distressed assets. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.

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