Sell-Side Technology Awards 2020: Best Sell-Side Credit Risk Product—Quantifi
![Sell-Side Technology Awards](/sites/default/files/styles/landscape_750_463/public/2020-07/SST%20Award%20Image.png.webp?h=443dcab3&itok=EceQzuOw)
For the first time since the Sell-Side Technology Awards were held in 2013, Quantifi takes home the title of best credit risk product, dethroning Numerix, which had won the category each year prior. Quantifi provides support for credit risk and counterparty risk measures for risk functions, such as Basel III, exposures, credit valuation adjustments (CVA), and hedging, using data and insights from credit spreads, default probabilities, loans, bonds and other methods.
Quantifi’s solution runs on a scalable Monte Carlo engine that supports market best practices, including wrong-way risk, sensitivities, stress testing and pre-deal CVA. Clients can run user-related scenarios using graphical user interfaces (GUIs), and then utilize the product’s integrated reporting and drill-down tools to view results at the desired level of detail.
Rohan Douglas, CEO of Quantifi, says the spread of the Covid-19 pandemic combined with residual effects of the European credit crisis have contributed to a long period of tremendous change for the sell side.
“During these times, there’s a huge emphasis on credit exposure [and] on risk management. Clients might need some new analysis quickly. They might need the ability to look at things slightly differently,” Douglas says. “Clients are able to customize their reports and slice the data differently and really look at things any way they want, and they can do that themselves without having to come back and talk to us.”
To help clients meet greater regulatory and cost pressures, as well as adjust to ongoing work-from-home scenarios, Quantifi has helped existing clients migrate part of their risk infrastructures to the cloud, Douglas says. In 2019, the company announced its expanded usage of Microsoft Azure’s cloud service, a key enabler of Quantifi’s microservices architecture, for its cross-asset platform.
The company next sees an opportunity to capitalize on growing demand for data science solutions in capital markets and, specifically, in risk management. As tier-1 banks have begun to build proprietary data science platforms, Douglas hopes the Quantifi Data Science Platform can present a value proposition to tier-2 and tier-3 banks, as well as small- and mid-sized buy-side firms.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-digital.com/terms-and-conditions/subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-digital.com/terms-and-conditions/subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
IMD & IRD Awards 2024 winner's interview: Tradeweb
Tradeweb won Most innovative market data project in this year’s Inside Market Data & Inside Reference Data Awards.
IMD & IRD Awards 2024 winner's interview: S&P Global Market Intelligence
S&P Global Market Intelligence won Best corporate actions data initiative in this year’s Inside Market Data & Inside Reference Data Awards.
Waters Rankings 2024: Best outsourcing service provider—Northern Trust
Product/service: Integrated Trading Solutions
Waters Rankings 2024: Best cloud infrastructure provider—IPC Systems
Product/service: Connexus Cloud
Waters Rankings 2024: Best buy-side order management system (OMS) provider—SS&C Technologies
Product/service: Eze OMS
Waters Rankings 2024: Best reconciliation management provider—Duco
Product/service: Duco platform
Waters Rankings 2024: All the winners and why they won
WatersTechnology readers voted to determine the winners in 35 technology and data categories comprising this year’s virtual Waters Rankings.