UK-headquartered technology firm Misys, which provides services to firms including the wealth sector, reports on what it says is a “surge” in the range of risk management capabilities it supplies. The company operates the Misys Global Risk platform.

Misys Global Risk is used by more than 300 customers including firms with wealth management capabilities such as Royal Bank of Canada, Société Générale and Emirates NBD. 

The firm’s comments about demand for its services - it gave no hard figures - comes at a time when, according to research firm Chartis, spending on risk technology is expected to rise to $28 billion by the end of 2014 and risk intelligence or BI tools spending will increase by 11 per cent from $10.7 billion to $12 billion between 2014 and 2015.

"We are seeing a real surge in demand from our customers for Misys Global Risk as well as our sophisticated risk intelligence solution, Misys Risk Insight, to help them make more informed decisions," Arnaud Picut, global business manager for risk at , said of recent developments. 

“Risk management remains a top priority for financial institutions worldwide and the spending on risk IT continues to rise,” Peyman Mestchian, managing partner of Chartis, said in a statement about Misys’s business growth.