ERisk, the leading provider of integrated software and consulting solutions that enable financial institutions to enhance their performance through better risk and capital management, today announced the release of an upgraded version of its Economic Capital analytics software, Abacus version 5.0. With enhanced data management and security features, Abacus 5.0 makes it even easier for large and complex financial organizations to utilize the system for risk and capital management analysis.

ERisk Abacus is the leading solution for enterprise-wide credit, risk and capital management. From meeting the mandatory requirements of Basel II and SR 99-18, to helping banks gain control over their enterprise risk management, optimized capital allocation and competitive pricing capabilities, ERisk Abacus is the most comprehensive solution in the market today. By delivering a range of sophisticated analytics including Economic Capital and RAROC, Abacus provides critical insights regarding capital adequacy, capital consumption, risk-adjusted profitability, and shareholder value.

"Our latest release reflects a strong balance between general market requirements and the specific feedback of our rapidly growing client base," stated Brannan Johnston, Managing Director and Product Manager for Abacus at ERisk. "With these improved features, Abacus establishes, once again, its superiority in the area of enterprise risk and credit capital management and remains the best selling solution for financial organizations of all sizes."

Some of the new and improved features and enhancements added to the Abacus 5.0 release include:

- Fully Personalized User Menus. Allow clients to determine which users should have access to data input sections of Abacus vs. those who should be limited to reports and tools.

- File Permission Controls for Abacus Documents. Easily control read/write permissions to documents within Abacus.

- Customized “My Documents” Folder by Abacus User. This feature provides Abacus users with private area in the dataset tree, where they can maintain a set of datasets only visible to themselves.

- Expanded Data Export Capabilities. This enhanced facility allows users to export data at the most granular level based on activity type. (e.g. sub-portfolio level for credit risk, instrument level for ALM risk, etc.)

- Upgraded Security & Permission Features. Site administrators will now be able to assign permissions to specific Abacus actions on a user-by-user basis.

According to Jonathan York, ERisk's Vice President of Technology, "This latest release of Abacus continues our strong commitment to delivering state-of-the-art software technology to the financial services industry. With its robust performance, flexible ASP-delivery, and superior security features, Abacus 5.0 leapfrogs all other risk and capital management offerings."

About ERisk

ERisk is a full-service provider of strategic risk management solutions, including Economic Capital analytics, operational risk systems, consulting, and executive-level workshops and briefings. Our mission is to help financial services organizations, property & casualty insurers, and non-financial corporations transform their risk management processes to increase management effectiveness, reduce losses and increase shareholder value. For more information about Abacus and other ERisk's offerings, please visit the ERisk website at www.erisk.com or call 212-819-0170.

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