Under the agreement, PensionsFirst’s risk analytics software, PFaroe, will be integrated with WinTech’s asset-liability modeling software, ProVal. Chief financial officers (CFOs) and treasurers working with a consultant using ProVal can migrate their plan’s data onto a dedicated risk management platform with the click of a button, monitoring daily funded status, providing VaR data and dis-aggregating overall risk into its most fundamental components.
“We have heard a strong and consistent message from our clients regarding their need for better risk analytics,” said WinTech’s President Jim Spaide.
Founded in 1987 by Dr. Howard Winklevoss, WinTech is an asset-liability modeling and valuation software provider to the U.S. pension industry. PensionsFirst Analytics is a financial technology business that provides user-friendly risk analytics and business intelligence solutions.