Rome, a provider of credit risk management solutions, has announced that The New York's Independent System Operator has selected Rome CreditRisk as their new enterprise credit risk management system.

With Rome, New York?s Independent System Operator (NYISO) will automate and streamline their credit management processes across all markets. NYISO will utilize ROME CreditRisk, a web-based enterprise software solution offering advanced customization, integration, workflow, and reporting capabilities.

NYISO operates New York State's bulk electricity grid and administers their wholesale electricity markets. Recent growth in the wholesale electricity market and evolving market design requirements resulted in increasingly complex credit data and processes as well as integration issues.

After internal evaluation and feedback from market participants, they determined a critical need to create an automated credit management system with near real-time credit risk assessment and a web interface for market participants to manage their credit position as a portfolio.

NYISO will utilize ROME CreditRisk, a web-based enterprise software solution offering advanced customization, integration, workflow, and reporting capabilities.