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ActiveViam Wins “FRTB Management Solution of the Year” in the Asia Risk Technology Awards

ActiveViam |
September 29, 2021

September 29, 2021, Hong Kong/Singapore –  ActiveViam is pleased to announce that our FRTB Accelerator has won the “FRTB Management Solution of the Year” in the Asia Risk 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 honored to receive this award,” said Colleen Cosgrove, Global Head of R&D Apps at ActiveViam in New York. “We have worked hard to develop the FRTB Accelerator and to update it in timely fashion as the regulation has evolved across different regions. We are very pleased to be recognized for that.”

“The judges highlighted, in particular, that the high-quality solution solves a very complex issue which requires a lot of data, good processing speed and high levels of accuracy for both internal stakeholders and regulators. As well, the use of a Python API, effective deployment of cloud technology and a user-friendly front-end all saw ActiveViam’s FRTB Accelerator score highly in a number of key areas,” said Blake Evans-Pritchard, Bureau Chief, Asia,

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.

More than a dozen clients currently use this FRTB Management Solution of the Year, 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.


About ActiveViam

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, Toulouse, London, New York and Singapore and we serve 90+ clients in more than a dozen countries.

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