Quantifi, a provider of risk, analytics and trading solutions, today announced that it has won Counterparty Risk Product of the Year at the Risk Markets Technology Awards. These are the flagship annual technology awards hosted by Risk.net and reflect the contribution made by technology providers that support risk, front-office regulation, pricing/trading and buy-side technology.
In today’s post-pandemic environment, a counterparty defaulting is one of the biggest risks that firms need to manage. Recent regulatory announcements signal that counterparty risk measures are likely to come under even greater scrutiny. In response, risk managers are seeking solutions that can both satisfy regulatory pressures and improve how risk is managed.
Quantifi provides a single solution that can measure, manage and control the counterparty risk for global banks and other financial institutions. In today’s markets, credit risk managers require portfolio simulation models that offer a comprehensive view of counterparty exposures. Quantifi’s Monte Carlo-based stochastic models allow risk managers to accurately calculate expected exposure and potential future exposure while taking into account risk mitigants such as collateral and insurance.
A seamless counterparty onboarding process is essential for effective counterparty risk management. Quantifi’s streamlined onboarding process improves transparency and control with a standardised approach to counterparty evaluation. This includes counterparty data and relationships modelling, counterparty scoring and grading and a limit assigning workflow.
Reflecting industry best practices, Quantifi helps global institutions proactively manage counterparty risk and address regulatory and accounting requirements. Incorporating high performance, multifactor Monte Carlo simulation and a powerful grid computing architecture, Quantifi can support even the largest, most complex portfolios, including those with significant wrong-way risk or volatility. Real-time credit line checks on new trades added to existing portfolios are performed on an incremental basis. Clients are also able to perform what-if analyses on all market observables to assess impact on exposures versus limits in stressed market conditions.
“Our platform is uniquely positioned to help firms meet the ever-changing regulatory landscape and improve their counterparty risk management processes. What makes Quantifi stand out is our high performance and data management capabilities,” comments Rohan Douglas, CEO of Quantifi. “Our platform allows clients to leverage massive computing power to quickly run simulations and analyse data. This helps them to make better decisions faster. We’d like to thank Risk.net and the industry for recognising the advanced functionality of our solution,” continues Rohan.
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