FinAPU & VERBUND AG: New project
Together against failure risks in the energy sector.
FinAPU, the innovative risk management platform from Vienna, is starting test operation of the FinAPU Risk & Portfolio application with Austria's largest electricity company, the listed VERBUND AG FinAPU is to support VERBUND in the future and, with interfaces to efficient valuation models, enable a precise analysis of trading partners within a very short time.
This is intended to identify risks in energy trading and to derive prompt alternatives for VERBUND. In coordination with VERBUND's Financing / Treasury department, FinAPU was able to provide a solution that largely takes into account all the specifics of the complex energy sector. Automated data feeds and risk procedures, tailored to the energy sector, enable the experts to constantly monitor their portfolio.
The rating models, early warning systems, reporting and alert functions are also combined with company, business and ESG data. This makes it possible to gain a broader perspective on the overall performance and sustainability performance of a company.
"With FinAPU, we are able to map these requirements at the push of a button for effective, cross-industry risk management," says Karl Tasch, founder of FinAPU. For FinAPU, the cooperation with VERBUND is intended to serve as a successful pilot project for other Austrian and international energy providers. FinAPU is already being used successfully by banks, companies, insurance companies and asset managers in the DACH region, Italy, Malta, UK and US and shows that specialist knowledge, innovative IT solutions and customer focus are essential in risk management.
