KGI Securities Singapore implements Scila Risk

Finextra

a day ago

Scila AB, a leading provider of innovative risk and surveillance solutions for the financial industry, today announced that KGI Securities Singapore (KGI), a prominent financial services group in Southeast Asia, has successfully implemented Scila Risk within its Singaporean operations.
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The solution covers equities as well as equity, commodity and FX derivatives, and Spot FX.
KGI, a leading player on the Singapore Exchange (SGX), is now fully operational with Scila's cutting-edge risk management solution. Scila Risk consolidates KGI's legacy systems for equities and derivatives trading into a single, comprehensive, multi-asset platform. This strategic move empowers KGI to enhance efficiency, optimize collateral, and gain a competitive advantage in the dynamic world of global finance.
The new solution's multi-faceted capabilities are central to KGI transforming their risk management framework. By consolidating previously disparate systems onto a single real-time risk solution, Scila Risk empowers KGI to gain a holistic view of its risk exposure, optimize collateral utilization, and unlock new levels of trading capacity and revenue potential.
Specifically, Scila Risk provides calculations of risk exposure across all asset classes. It has been designed from the ground up to be asset class agnostic, managing everything within a single, unified system. The platform's ability to handle a wide range of instruments, market models, and geographical locations provides KGI with unparalleled flexibility and scalability.
"We're proud to be at the forefront of adopting innovative technology that fundamentally enhances our risk management capabilities and drives our business forward,' said Ken Ong, CEO of KGI Securities Singapore. 'With Scila Risk, we've gained a consolidated real time view of our risk exposure, optimized our collateral utilization, and unlocked new levels of trading capacity. This directly translates to improved collateral efficiency, freeing up capital for trading, and reduced costs, and ultimately, greater potential for revenue generation. The collaboration with Scila's expert team and their cutting-edge technology has been exceptional."
The consolidation of systems, combined with the real-time insights from Scila Risk, are crucial to KGI's enhanced risk management. This enables real-time risk calculations and monitoring across both equities and derivatives trading, giving immediate visibility into risk exposure. The result is proactive decision-making and agile responses to market dynamics ensuring scalability and flexibility to adapt to future market changes and evolving regulatory requirements. Scila Risk also offers advanced features such as "time warp" analysis and "what-if" simulations, providing KGI Securities with a deeper understanding of potential market scenarios.
Mikko Andersson, CEO of Scila, echoes this sentiment: "At Scila, we're driven by a passion for innovation and a commitment to delivering cutting-edge solutions that address the evolving needs of our clients. Our new risk management offering holds immense potential, not just for Scila as a company, but for how firms manage risk across the capital markets. The successful implementation of Scila Risk at KGI demonstrates the transformative impact our technology will have on risk management operations, particularly by consolidating legacy systems for different asset classes into a single, modern, true real-time solution."