Bita Risk Solutions, the UK-based investment risk analysis technology firm, has launched Bita Monitor, a private client portfolio monitoring tool aimed at providing an efficient approach to regulatory reporting and “measurement-against-mandate” assessment.

In the aftermath of the financial crisis, risk assessment and management are high on the agenda, not least due to a climate of increased regulatory scrutiny. According to Bita Risk, many firms are using complex manual processes to manage the risk within their clients’ portfolios and Bita Monitor is aimed at providing an automated and efficient analytical process.

Bita Monitor was developed to enable investment management firms, stockbrokers and private banks to monitor client portfolios against their original investment mandates and to identify “outliers” – those lying outside their mandate. In addition to the risk within the portfolio itself, Bita Monitor also allows firms to assess and manage their risk exposure to outliers at the level of client, manager, division, region and through to cross-organisational risk assessment where required.

The firm said in a statement that Bita Monitor is designed to be easily accessible and transparent and so help firms to meet their regulatory obligations, such as the UK Financial Services Authorities’ rules on “Treating Customers Fairly.”

“We created Bita Monitor from a simple premise: to help firms whatever their size and investment approach, position themselves to retain existing clients, meet regulatory requirements and accommodate future growth,” said Daryl Roxburgh, global head of Bita Risk.

“BITA Monitor is designed to provide the necessary transparency to help both client managers and firms alike, understand their exposure to portfolio outliers and to manage this risk and the risk of the individual portfolios, ensuring stability in anticipation of further growth.”