February 2, 2021, London – ActiveViam is delighted to announce that our FRTB Accelerator has been chosen as the “FRTB Product of the Year” in the 2021 Risk Markets Technology Awards.
The FRTB Accelerator is a pre-packaged but configurable solution that helps banks solve the complex and data-intensive Fundamental Review of the Trading Book (FRTB) regulation and substantially saves on time- to-market.
“We are beyond grateful that our FRTB Accelerator has been chosen as Risk’s FRTB Product of the Year and would like to sincerely thank the judges,” said Colleen Cosgrove, Head of R&D Apps at ActiveViam in New York. “We have worked diligently with our clients over the last few years to help them implement best practices for meeting the FRTB regulation as well as help them streamline their overall risk management processes. This award is further recognition that we have done a good job in doing that!”
Last year, ActiveViam partnered with the International Swaps and Derivatives Association (ISDA), the industry trade group that represents the interests of derivatives market participants and sets best practices and industry standards. In June 2020, ActiveViam licensed and successfully ran ISDA’s benchmarking unit test for the Basel FRTB Standardized Approach (SA), solidifying the FRTB Accelerator as a premier solution to meet global banking regulations.
ActiveViam also partnered with the Depository Trust and Clearing Corporation (DTCC) in their launch of a beta version of their FRTB Real Price Observations Data Service, which enables the mapping of risk factors to a pool of global derivatives data to help banks manage part of the Internal Models Approach (IMA) of the FRTB requirement.
ActiveViam’s FRTB solution “provides a flexible risk aggregation tool built on high-performance technology that helps firms meet and steer regulatory capital requirements.”, declared the Risk judges. “It has comprehensive functionality with a range of pragmatic analytical and operational options; Excellent integration and analytic capabilities.”
More than a dozen clients currently use the FRTB Accelerator for both the SA and IMA including global banks across Asia, Europe and North America (among them HSBC, Société Générale, Santander, Scotiabank, Nomura, CIBC, Mizuho) with several more projects in the works. The solution can be delivered on premise, as SaaS or run in the Cloud.
ActiveViam was founded in 2005 and has deployed analytical solutions to help financial services firms make instantaneous business decisions and meet operational challenges. With a comprehensive offering of analytics and data science products based on in-memory technology and expert-designed user interfaces, ActiveViam’s clients achieve a unique level of precision, speed, and adaptability.
ActiveViam’s software solutions are used today by global banks, hedge funds, asset managers and derivatives exchanges for their most sensitive and intensive analytics needs. Our offices are located in Paris, London, New York and Singapore and we serve 90+ clients in more than a dozen countries.
For more information visit www.activeviam.com and find out more about our financial services solutions.
Read more about ActiveViam’s FRTB Accelerator implementation at Erste Bank.