CARE Risk Solutions Private Limited (formerly known as CARE Kalypto Risk Technologies and Advisory Services Private Limited) got established in 2006. In 2011, it became a wholly owned subsidiary unit of CARE Ratings Limited. Since then CARE Risk has been on a growth path under the stewardship of the management team which comprises of experienced professionals in the Industry. The top management has a collective experience spanning 100+ years in the banking and financial space.
CARE Risk Solutions provides software solutions for Banking, Financial Services and Insurance (BFSI) sectors with its Enterprise Risk Management suite (ERM), Asset Liability Management (ALM), Fund Transfer Pricing (FTP), International Financial Reporting Standards (IFRS) & Financial Reporting Application, Lending suite and Early Warning systems.
With the thought leaders taking torch and supported by an excellent team, we have built state of the art banking products which are successfully operational across diverse geographies, culture and banking regulations. CARE Risk today is a result of the people and team we have.
Our approach to be the first to meet emerging banking market needs have made us pioneers and leaders in most of the markets we operate. Our lean but efficient team with ear on ground and eyes on the future have made a difference in the world of banking products. Every day we work with a single motto to create applications which will make banks and financial institutions more risk aware and strive for a risk-free banking experience with a 360-degree view of business and operations.
IFRS/IND- AS & FRA
CARE Risk solutions Kalypto/ECL suite is a comprehensive IFRS solution that helps to bridge gap between existing GAAP and IFRS standard. In order to address the difficulties in generation of financial statements our ECL solutions extends to cover the Financial Reporting Automation through its FRA (Financial reporting automation) suite.
Highly configurable at the front end, it is in accordance with the IFRS standards issued by regulators. The solution enables banks to compute its IFRS related provision expeditiously, saving precious time &resources.
The software also has the ability to automate all the existing manual work like GL reconciliation, preparation of chart of accounts, MIS and various dashboards at the click of a button. With the help of account posting configuration interface, adjustments in the charts of accounts are figured out based on the difference between IFRS and earlier accounting standards and its impact is assessed while drawing the chart of accounts.
A highly scalable solution that serves as a foundation for evolving regulatory risk requirements and for integrating the institution’s entire Credit Risk information.
Kalypto/Credit enables banks and institutions to rate/score corporate and retail customers, accurately assess credit exposures in multiple dimensions, and automatically calculate and compare the effects of alternative risk-mitigation strategies. CARE Risk Solutions delivers a robust, modular, highly configurable, best practices risk management framework with "proactive" capabilities and flexibility to accommodate all on & off-balance sheet credit products. It also performs the critical calculations for regulatory & economic capital, using a choice of Standardized and IRB approaches. Kalypto/Credit is compliant with the Basel II guidelines.
"Risk & Opportunities Come In Pairs. At Care Risk Solutions We Specialise In Converting Every Risk & Compliance Problem Into Competitive Advantage"
Umesh Ikhe, CEO - Care Risk Solutions
"Gold Winner - Best In Class IFRS, ECL Modeling Solution Of The Year"
- Treasury, Financial Risk & Compliance Excellence Awards