Envestnet to Introduce Solution to Assist Banks in Mitigating SVB Risk
Financial institutions are constantly looking for ways to reduce the risk associated with their operations. One of the most significant risks that banks face is the risk of Systemic Value-at-Risk (SVB). SVB is the risk that a bank’s portfolio of assets could suffer a sudden and significant loss due to a systemic event, such as a market crash or a natural disaster. Envestnet, a leading provider of financial services technology, has recently announced a new solution to help banks mitigate SVB risk. The solution, called Envestnet SVB Risk Mitigation, is