Quantifi, a provider of risk, analytics and trading solutions, today announced that it has won Best Solution for Stress Testing at the A-Team Group’s RegTech Insight Europe Awards. The awards, voted for by RegTech Insight readers and the RegTech Summit Advisory Board, recognise technology providers offering RegTech solutions that improve firms’ ability to meet increasingly complex regulatory requirements in the global financial services industry.
Banks face significant pressure to proactively address potential financial turbulence in both the near- and long-term future. Regulatory bodies, central banks and the broader financial markets place considerable trust in firms to demonstrate their ability to manage risks and absorb potential losses without negatively affecting their ongoing market support, such as liquidity provision. Stress testing is a key component in evaluating banks’ resilience. European banks have demonstrated their robustness in the face of recent challenges, including persistent high inflation, rising interest rates and the disruption within the US regional banking system.
“This recognition by RegTech Insight readers and the RegTech Summit Advisory Board is a testament to the significant impact of our technology in the global financial industry.”
Rohan Douglas, CEO, Quantifi
Quantifi’s Risk solution features a powerful scenario framework that enables stress testing of product attributes or market risk factors and measure the impact on market, credit and liquidity risk. The solution’s scenario analysis capabilities support both idiosyncratic and market-wide stress testing across all risk measures through an intuitive GUI. Clients can define stress and shifts for all market observables and establish stressed time periods necessary for regulatory calculations. Additionally, clients can combine shifts to create complex scenarios. Quantifi also supports back testing, which allows for full automation of the risk engine to execute and compare projected and realised risk results.
“We are proud to be recognised by A-Team Group as the Best Solution for Stress Testing,” comments Rohan Douglas, CEO, Quantifi. “Market conditions are driving significant change and Quantifi is proud to make a positive difference to our clients with solutions to help them better manage risk and successfully navigate the complex regulatory landscape. We are committed to continue down this path with more unique approaches and advanced functionality. This recognition by RegTech Insight readers and the RegTech Summit Advisory Board is a testament to the significant impact of our technology in the global financial industry,” continues Rohan.