Case Studies

OeKB selects Quantifi to Replace Existing Front-to-Middle Solution

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Oesterreichische Kontrollbank AG (OeKB) is a specialised institution owned by commercial banks located in Austria. OeKB’s mandate is to support the Austrian economy, offering a uniquely broad variety of services to Austria´s industry and capital market participants. These include services for exports and foreign investments and capital and energy markets services. As of June 2016, OeKB had total assets of €29 billion and employed over 400 people.

Requirements

To respond to the evolving regulatory and market landscape, a key priority for OeKB was to replace their existing external systems with a next-generation single solution for risk and analytics. To satisfy counterparty risk and IFRS 13 audit requirements, OeKB also needed the ability to accurately calculate XVA using sophisticated Monte-Carlo based simulation across all relevant derivatives asset classes.

Selection Process

Following a comprehensive review of several solutions, Quantifi was selected for a proof-of-concept phase. After a successful 2 month proof-of-concept, Quantifi stood out as the solution best suited to allow OeKB to dynamically monitor, report and identify risk in real-time. Quantifi also demonstrated the ability to achieve tight consistency between front-office trading and risk control.

 




"Having conducted a demanding selection process, we chose Quantifi, which we believe offers us a modern and functionally rich strategic platform to modernise and streamline our trading and risk management processes.


Achim Keuchel,
Vice President, Treasury, OeKB

 


 

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