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September 05, 2012

Crowe Horwath Selects Soliton Financial Analytics for Financial Technology Solutions



Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., has selected Soliton Financial Analytics Ltd. to provide financial technology solutions for its Crowe Credit 360 portfolio analysis in the U.S.

Soliton is a Hong Kong-based firm that offers a mix of analytical engines, interface and services to assist financial institutions in migrating to the best-practice enterprise risk and performance management. Its services are designed to improve management activities within financial institutions, including stress testing, capital management, portfolio management, business performance management and risk-based pricing. Soliton offers solutions, products and services for banks, asset managers and regulators.

Crowe Horwath offers national reputation and global reach, technical and solution thought leadership, industry and service expertise and commitment to client experience excellence. Its Credit 360 portfolio analysis tools provide lenders with a single, coordinated view of overall portfolio trends, along with deep drill-down capabilities for reviewing individual borrower performance, identifying problem loan characteristics, assessing overall credit risk, and analyzing other critical metrics of loan portfolio performance. By enabling real-time data access and full integration of information systems, Credit 360 helps you get answers to key questions in minutes, so you spend less time compiling information and more time making informed decisions.

"Together, Soliton and Crowe Horwath LLP create a powerful combination by bringing state-of-the-art portfolio analytics and stress testing to the U.S., using the reach of one of the country's largest public accounting and consulting firms," said Dr. Jeffrey Bohn, CEO of Soliton. "We're confident that Crowe Horwath LLP, with its extensive banking experience, will be able to help their clients improve the way they manage capital and business performance with our proven line of products."

Crowe Horwath will be the primary U.S. reseller of Soliton's Portfolio Surveyor, a data repository and application that facilitates capital management and scenario stress testing, and Portfolio Compass (News - Alert), an online dashboard that helps relate capital management decisions to stress testing and risk appetite analysis.

"Soliton's financial technology solutions have proven themselves time and time again in the Asian marketplace, so we're looking forward to implementing them in America," said Jason Bomers, financial services performance services leader at Crowe Horwath LLP.

In its more than 70 years of experience, Crowe Horwath LLP has helped thousands of banking organizations, from de novo banks to multibillion dollar holding companies. It offers a variety of services, including audit, tax, advisory, risk and performance.

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Edited by Rachel Ramsey
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