New York and London, May 25, 2016 - Quantifi, a specialist provider of risk, analytics and trading solutions, today announced it has developed an enterprise commodity credit and counterparty risk management (CCRM) solution in collaboration with Bunge Limited (“Bunge”), a leading global agribusiness and food company. Bunge chose Quantifi as its solution provider after an extensive evaluation of specialist commodity risk systems and internal build options.
Global commodity trading firms must manage an array of counterparty risks. In response, Quantifi has developed new risk management tools that automate processes, simplify data management, and provide advanced analytics.
“We evaluated a number of commodity risk specialist technology providers and decided on Quantifi, given their expertise and capabilities in this space. We’ve been pleased with Quantifi’s ability to exceed our expectations in developing a world-class credit and counterparty risk management tool customized to our specific needs.”
Rick Bernstein, Senior Director, Global Credit Risk & Insurance, Bunge Limited
“Counterparty risk management is critical to our business. Optimization of this process will help our traders grow the business with greater transparency of data and automated processes,” said Rick Bernstein, Senior Director, Global Credit Risk & Insurance, Bunge Limited. “We evaluated a number of commodity risk specialist technology providers and decided on Quantifi, given their expertise and capabilities in this space. We’ve been pleased with Quantifi’s ability to exceed our expectations in developing a world-class credit and counterparty risk management tool customized to our specific needs.”
Built on the latest technology, Quantifi’s Commodity Credit and Counterparty Risk Management (CCRM) solution is a powerful integrated solution for managing credit and counterparty risk. Developed in collaboration with Bunge, the solution leverages Quantifi’s expertise in counterparty risk management technology and incorporates Bunge’s extensive industry knowledge. The solution is designed to facilitate optimum business decisions, while managing counterparty risk by implementing quantitative methods and procedures across the enterprise.
“We are excited to partner with Bunge - one of the world’s leading agribusinesses - to provide a solution tailored to their needs in all regions in which they operate,” said Rohan Douglas, CEO, Quantifi. “The success of this project validates our approach to partnering with clients and our ability to deliver leading edge analytics and technology that directly impacts their business.”
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.
For further information, please visit http://www.bunge.com/
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