The UK’s development finance institution British International Investment plc (BII) is now one of FinAPU GmbH's customers. After Österreichische Entwicklungsbank AG and Obviam AG, another development finance institution is using the intelligent risk management platform of the Vienna-based technology and data company. FinAPU is thus successfully continuing its international expansion strategy and now counts over 40 companies and institutions worldwide from the financial, energy and fund sectors among its customers. The platform makes it possible to calculate default risks in portfolios in real time and to implement efficient mitigation processes.
Flexible and individualised solution
The BII's high requirements necessitated a comprehensive and flexible design of the risk management solution they were looking for. The development finance institution had therefore been looking for a suitable partner to implement its complex list of requests since the middle of last year. During the implementation, FinAPU adapted the entire qualitative part of the software and designed a custom project finance interface for the BII. Karl Tasch, Founder & CEO of FinAPU, explains: "The joint implementation of the project with the risk team of BII was an exciting and enriching task for us - due to the complex portfolio structure, the high security requirements and the desired time as well as budgetary framework for implementation, we set new standards as a service provider." The BII portfolio is managed centrally from London, with all subsidiaries of the BII worldwide using the system.
Holistic risk management in real time
The FinAPU risk management platform combines data pooling, risk modelling, process management, analysis, and reporting in real time in a highly usable front end. The smart platform utilises collective intelligence and optimises itself with each user. The integrated workflow system enables effective, audit-compliant risk management. "With FinAPU, we are now able to evaluate our diverse business activities in different markets and the associated risks in a single platform. In addition to a comprehensive quantitative database, the addition of qualitative elements is particularly important to us. The project finance interface developed specifically for us is an additional USP of our cooperation with FinAPU," Isabelle Niño, Director of Credit Risk, British International Investment, explains the benefits. BII invests in Africa, Asia and the Caribbean to create more productive, sustainable and inclusive economies and currently partners with over 1,000 companies in emerging markets with total assets of £7.5 billion.
About British International Investment
British International Investment is the new name for the UK’s development finance institution and was formerly known as CDC Group. British International Investment is a trusted investment partner to businesses in Africa, Asia and the Caribbean. It invests between £1.5 and £2 billion every year to support the UK Government’s Clean Green Initiative and to create productive, sustainable and inclusive economies in our markets. British International Investment plays a key role in the UK Government’s wider plans to mobilise up to £8 billion a year of public and private sector investment in international projects by 2025. Over the next five years, at least 30 per cent of BII’s total new commitments by value will be in climate finance. This will make it one of the world’s largest climate investors in Africa.
BII is also a founding member of the 2X Challenge which has raised US $10bn to empower women’s economic development. The company has investments in over 1,300 businesses in emerging economies and total assets of £7.7 billion
For more information, visit: www.bii.co.uk | watch here.
Photo: Isabelle Niño, Director of Credit Risk, British International Investment | Credit: British International Investment plc