Percentile and Torstone partner to offer integrated risk, finance, back & middle office technology
London— 26 Nov 2014 — Percentile, providers of technology for risk management and regulatory compliance, and Torstone Technology, providers of securities and derivatives processing software to the global financial markets, today announced a partnership to offer seamless solutions across risk, middle & back office and accounting for financial institutions. The Partnership will see Percentile’s RiskMine platform integrate with Torstone’s Inferno system to reduce risks, improve efficiencies and enable seamless regulatory and management reporting.
Percentile’s RiskMine platform delivers cross-asset, enterprise-grade technology focused on risk management for financial institutions. The modular platform is designed to aggregate firm-wide market and credit risk exposures across all business lines, offering automated market-data cleaning, a wide-ranging and sophisticated scenario generation and distributed pricing architecture for internal and regulatory calculations.
Torstone’s award-winning Inferno is a complete securities and derivatives post trade processing system; it integrates the middle & back office and accounting functions for multiple asset classes and business types into a single coherent system, to support operations, finance, middle office, treasury, risk and compliance. Its real-time, event-driven, service-orientated and scalable architecture helps firms to achieve very high rates of STP and react to new market changes in a timely manner.
Brian Collings, Torstone Technology CEO said “We constantly hear of disjointed, manual processes in preparing key risk and capital requirements for senior management, this exciting partnership will improve control and reduce this complexity for our clients. In today’s highly regulated landscape there is immense pressure from regulators to ensure consistent risk and financial numbers. Having technology in place which ensures this, on an ongoing basis, will improve operating efficiency. Costs will be reduced as clients are able to combine regulatory and management reporting.”
Anthony Pereira, Percentile’s founder and CEO, added: “We have a long history of working with the Torstone team and our technologies complement each other perfectly. Financial institutions have a history of fragmented post-trade activity working off badly integrated components. RiskMine’s integration with Inferno showcases the benefits of having Risk and Finance technology seamlessly working together,”
Percentile Limited, is a London based provider of technology for risk management and regulatory compliance to the financial markets. Percentile’s flagship product, RiskMine, provides an aggregated view of firm-wide risk exposures and is designed to be modular and scalable to address current and future regulatory requirements. The platform is the result of over a decade of innovation within an investment bank and used by risk managers, finance and trading desks at firms including investment banks, brokers and hedge-funds. Devised to address the challenges to risk managers, Percentile’s technology is easy to integrate into any existing systems, boosting the performance of risk calculations and providing consistent, centralised and aggregated risk exposures. Percentile provides both in-house and hosted solutions.