Capita enters risk-profiling market

The system combines attitude to risk assessment with lifestyle projections, and claims to address a number of concerns outlined by the Financial Services Authority (FSA) on the use of third party tools when assessing risk. A survey of eleven tools by the regulator at the beginning of 2011 found nine contained significant weaknesses that could cause output flaws for clients. Managing director Adam Byford said the tool had been specifically designed to ensure a client's capacity for loss is properly taken into account. "Unlike other systems in this space, Modeller is highly configura...