--- title: Press Release- Asia Risk Awards 2021 description: ElysianNxt won the 'IFRS 9 Solution of the Year 2021' from the Asia Risk Awards --- [![ELYSIAN_Left-aligned_LOGO-01](https://insights.elysiannxt.com/hs-fs/hubfs/ELYSIAN_Left-aligned_LOGO-01.jpg?width=300&height=89&name=ELYSIAN_Left-aligned_LOGO-01.jpg "ELYSIAN_Left-aligned_LOGO-01")](http://www.elysiannxt.com) ## [HOME](http://www.elysiannxt.com)            [PRODUCTS ](http://www.elysiannxt.com/products)        [NEWS ](http://www.elysiannxt.com/news)      [ INSIGHTS ](https://www.elysiannxt.com/insights)         [OUR TEAM](https://www.elysiannxt.com/our-team)        [JOIN US](https://www.elysiannxt.com/join-us)     [CONTACT US](https://www.elysiannxt.com/contact-us)  # Asia Risk Awards 2021 **IFRS 9 Solution of the Year**   ## **ElysianNxt's IFRS9.NXT Solution Wins IFRS 9 Solution of the Year at the Asia Risk Awards 2021** ## **September 29, 2021-** ElysianNxt are thrilled to announce that we have been awarded [IFRS 9 Solution of the Year](https://www.risk.net/awards/7878986/ifrs-9-solution-of-the-year-elysiannxt) at the 2021 Asia Risk Awards for our [IFRS9.NXT solution](https://www.elysiannxt.com/products). The Asia Risk Awards is the longest-running and most prestigious awards for firms and individuals involved in the Asia's derivatives markets and in risk management. ElysianNxt's IFRS9.NXT solution is a pioneering, end-to-end risk platform that was custom built with the latest streaming technologies and is aimed at meeting the ever-changing demands of risk and finance professionals.  Our IFRS9.NXT solution was designed to process large and complex calculations almost instantaneously, as opposed to legacy platforms which could take hours if not days. The quick implementation and scalability of the solution helps to make IFRS9.NXT a more cost-effective solution. ![ARA21-IFRS9SotY](https://insights.elysiannxt.com/hubfs/ARA21-IFRS9SotY.jpg "ARA21-IFRS9SotY") ## Contacts ## Katherine Dickinson ElysianNxt's Communications +66908892393   For media interviews/inquiries: [marketing@elysiannxt.com](mailto:marketing@elysiannxt.com) ![Matthias Image- Deloitte EMEA Webinar-1](https://insights.elysiannxt.com/hubfs/Matthias%20Image-%20Deloitte%20EMEA%20Webinar-1.png "Matthias Image- Deloitte EMEA Webinar-1") “IFRS9.NXT is unique in the IFRS 9 vendor space thanks to its calculation performance, its usability via a fit-for-purpose user-centric UX, and its affordable total cost of ownership” Matthias Coessens Managing Director Europe at ElysianNxt. In addition to meeting and exceeding current regulatory requirements, our solution also employs a future-proof technology approach. By using a distributed microservices architecture compared to a traditional central-database design, the solution can quickly exchange large quantities of information in near-real-time. Being a cloud-based application it can also adapt to a multitude of technology systems and servers. The 2021 Asia Risk Awards were presented on Wednesday, 29 September 2021. If you would like to know about our IFRS 9 offering please contact us [here](mailto:sales@elysiannxt.com). IFRS 9 Related Insights Press Releases - [Thai Pattana Insurance is TFRS 9 compliant by using IFRS9.NXT](https://www.elysiannxt.com/news/2020-06-02-Thai-Pattana/) - [Bank Mandiri Implements Real-Time Technology by ElysianNxt in the Execution of IFRS 9 (PSAK) 71](https://www.elysiannxt.com/news/2020-02-18-Mandiri/) - [Explore more...](https://www.elysiannxt.com/news) ## **Cases Studies** - [IFRS Replacement](https://insights.elysiannxt.com/ifrs-9-replacement-case-study?hsLang=en) - [Automating Credit Risk Reporting](https://insights.elysiannxt.com/automating-creditrisk-reporting-casestudy?hsLang=en) **On-demand Webinars** - [Risk Management Insights: Practical examples from the field](https://insights.elysiannxt.com/deloitte-riskmanagementwebinar-registrationpage?hsLang=en) - [Preparing for CIFRS 9- Trends, Benefits and Successful Implementations](https://insights.elysiannxt.com/ecam-cifrs-9-webinar-registration?hsLang=en) - [Current and future impact on the IFRS 9 provisioning for financial institutions in Thailand](https://insights.elysiannxt.com/deloitte-ifrs9webinar-recording-2?hsLang=en) --- # Asia Risk Awards 2021 Recognising excellence in risk management, derivatives and technology The Asia Risk Awards is the longest-running and most prestigious awards for firms and individuals involved in the Asia's derivatives markets and in risk management. The Asia Risk Technology Awards will also celebrate the solutions providers that serve financial services firms in meaningful and innovative ways. Winning an Asia Risk Award sets you apart from your competitors and is a tangible accolade that demonstrates to your clients and peers that you have excelled within your sector. [Learn More](https://www.asiariskcongress.com/awards) **About ElysianNxt** **ElysianNxt** is a Belgian-Thai RegTech company focused on providing the best real-time Risk and Finance solutions. By using cutting edge technology, it enables financial firms to respond in a faster and more cost-effective manner to business, economic and regulatory changes. ElysianNxt has offices in Brussels, London, Bangkok and Jakarta. [www.elysiannxt.com](http://www.elysiannxt.com) ![Laptop- Image 1](https://insights.elysiannxt.com/hubfs/Laptop-%20Image%201.jpg "Laptop- Image 1") [Join us for a live demo >>](https://insights.elysiannxt.com/asiariskawards-ifrs9-demorequest?hsLang=en) ## About us ElysianNxt is a fast-growing RegTech company focused on developing the most technologically advanced, user-friendly, real-time Risk and Finance solutions. Comprised by seasoned industry veterans and subject matter experts, the company was established to provide an alternative solution to the traditional, outdated, monolithic applications that the financial industry is accustomed to in their quest to automate their back-end financial calculation obligations. ## Contact Information **BELGIUM** Koning Albert II-laan 7, 1210 Brussels, Belgium +32 470 41 42 62   **THAILAND** 29/1 Piya Place Building, Tower B, 11th Floor Unit 11E, Langsuan, Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330, Thailand +66 2 255 2281   ## Contact Information **INDONESIA** Equity Tower, 49th Fl., Unit B, C, F Jl. Jendral Sudirman Kav. 52-53, SCBD District Centre, Jakarta Selatan 12190, Indonesia +62 21 2965 1260     [sales@elysiannxt.com](mailto:sales@elysiannxt.com) [   www.elysiannxt.com](http://www.elysiannxt.com)         ## Follow us © 2022 ElysianNxt. All rights reserved