London, Singapore, Paris, New York – October 28th 2013 – Quartet FS, a leading provider of in-memory analytics technology, today announced that Chartis has rated the company as a “best of breed” vendor in its recent RiskTech Quadrant, “Data Management and BI for Risk”. This ranking follows an in-depth evaluation of a range of data management service providers and solutions, which included Quartet FS and its ActivePivot solution, an in-memory analytical database management system. This innovative tool optimises data and risk management for financial organisations by linking and continuously aggregating existing heterogeneous data sources to compute complex metrics that are updated on the fly.
With the implementation of regulations such as Basel 3, Dodd-Frank, European Market Infrastructure Regulation (EMIR), Solvency II and other national rules, impacting on the financial services sector, organisations with multiple data systems are seeking to gain a coherent and timely view of their financial positions and risk exposure. In its report, Chartis showed that banks and other financial companies must integrate data from across the enterprise – breaking down silos – to be able to organize, view and manipulate their data and better met their compliance requirements. ActivePivot serves this need by delivering advanced intelligence to time-sensitive and data-intensive processes, such as pre-trade CVA, collateral optimisation or real-time risk in the front-office and for this reason has been incorporated within risk platforms provided by Markit and Numerix.
Georges Bory, co-founder and managing director at Quartet FS, said: “Over the last 8 years, Quartet FS has seen a growing range of financial organisations harness ActivePivot to support their business intelligence activities and further their compliance with risk regulations. As they seek to gain a competitive advantage over their rivals through efficient and real-time data management, companies are keen to use the latest technologies such as in-memory analytics to perform data intensive calculations on the fly, gaining an accurate, timely and enterprise-wide view of risk.”
Chartis is dedicated to analyzing the systems, products, vendors, applications and trends in the risk technology marketplace. In the “Data Management and BI for Risk” report, Chartis examined 16 technology vendors’ data management and risk solutions. The report uses Chartis’ RiskTech Quadrant™, which employs a methodology of in-depth independent research and a clear scoring system to explain which solutions would be best for buyers depending on their implementation strategies.
Peyman Mestchian, managing partner at Chartis, said: “Our report into data management and BI for risk recognised the role being played by Quartet FS in supporting business users in capital markets, exchanges, hedge funds, and asset managers who require near/real-time Big Data analytics. For financial institutions to have full visibility of their risk exposure and improve their performance, senior management needs to have clear, relevant information on the whole enterprise. In large, multi-national institutions with multiple technology systems, gaining a coherent view of the financial position and risk faced by the organization will always be difficult, which is where solutions such as Quartet FS’ ActivePivot can play an important role.”
About Chartis Research
Chartis is recognized internationally as the leading research and advisory firm focused exclusively on the risk technology market. For more information visit www.chartis-research.com. RiskTech Quadrant™ is a registered trademark of Chartis Research Limited. Chartis Research is authorized and regulated by the Financial Conduct Authority (FCA) for providing investment advice.
About Quartet FS
Quartet FS provides organisations with instant insight into their operational processes for timely and context-aware decision-making. Quartet FS’ss analytical in-memory technology, ActivePivot, brings analytical capabilities into data-intensive and time-sensitive business processes including risk management, supply chain management, compliance and CRM. ActivePivot uniquely allows business users to produce, analyse and monitor complex performance indicators in real-time and to extract actionable intelligence from massive amounts of complicated and fast-moving data. This business insight is made possible by ActivePivot’s innovative ability to aggregate data ‘on the fly’, integrate complex business logic and perform what-if simulations, while leveraging the power of in-memory computing. Quartet FS, founded in 2005, is a privately owned company with offices in Paris, London, New York, Hong Kong and Singapore. It serves customers in various industries including, but not limited to, financial services, logistics, transportation, market exchanges and retail. For more information please visit: www.quartetfs.com.
Hotwire on behalf of Quartet FS
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