Crowe Horwath LLP Selects Soliton Financial Analytics Ltd.
U.S. firm chooses financial services solutions from Hong Kong company
CHICAGO, Sept. 5, 2012 /PRNewswire/ -- Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., has selected financial technology solutions from Soliton Financial Analytics Ltd. to be the technological foundation of its Crowe Credit 360 portfolio analysis tool in the U.S. Soliton, a Hong Kong-based firm, offers a mix of analytical engines, interfaces and services to assist financial institutions in migrating to best-practice enterprise risk and performance management.
"Together, Soliton and Crowe Horwath LLP create a powerful combination by bringing state-of-the-art portfolio analytics and stress testing to the U.S., using the reach of one of the country's largest public accounting and consulting firms," said Dr. Jeffrey Bohn, CEO of Soliton. "We're confident that Crowe Horwath LLP, with its extensive banking experience, will be able to help their clients improve the way they manage capital and business performance with our proven line of products."
Crowe Horwath LLP will be the primary U.S. reseller of Soliton's Portfolio Surveyor, an application that facilitates capital management and scenario stress testing, and Portfolio Compass, an online dashboard that helps relate capital management decisions to stress testing and risk appetite analysis.
"Soliton's founders have extensive banking experience, including working with some of the largest banks in the country," said Jason Bomers, financial services performance services leader at Crowe Horwath LLP. "Their solutions have been developed to address both U.S. and international requirements for stress testing and meeting the capital analysis needs of Basel III."
In its more than 70 years of experience, Crowe Horwath LLP has helped thousands of banking organizations, from de novo banks to multibillion dollar holding companies.
About Crowe Horwath LLP
Crowe Horwath LLP (www.crowehorwath.com) is one of the largest public accounting and consulting firms in the United States. Under its core purpose of "Building Value with Values®," Crowe uses its deep industry expertise to provide audit services to public and private companies, while also helping clients reach their goals with tax, advisory, risk and performance services. With offices coast to coast and 2,600 personnel, Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world, consisting of more than 150 independent accounting and advisory services firms in more than 100 countries around the world.
About Soliton Financial Analytics
Soliton Financial Analytics Ltd. (www.solitonfinancial.com) was founded in March, 2009, with headquarters in Hong Kong, offices in Shenzhen, China and a subsidiary, Soliton Japan Inc. located in Tokyo. The company offers a mix of analytical engines, interfaces and services designed to improve the following management activities within financial institutions: stress testing, capital management, portfolio management, business performance management and risk-based pricing.
SOURCE Crowe Horwath LLP