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Riskfuel: transforming the way derivatives traders do business – Invest Ontario

By Press
Toronto, March 2023 -- A small Toronto fintech firm has solved a big problem banks worldwide have had for decades: how to accurately value and risk-manage their large and complicated derivatives portfolios. Riskfuel is transforming how valuation adjustments are made. Until now, valuation has been done using slow and expensive-to-run financial models, which deliver information that’s already old by the...
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Eureka! The XVA Compute Challenge Solved – Wilmott

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"Ryan Ferguson is in ebullient form as he chats with Wilmott about the roots of Riskfuel, an AI-based accelerator for valuation and risk workloads he founded in 2019, and who would begrudge him his enthusiasm? The firm is picking up awards and great word-of-mouth all over the quantosphere, although Wilmott suspects that ebullience is likely Ferguson’s default mode rather than a transitory state." Go...
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BMO Financial Group Taps Riskfuel Analytics – Wilmott

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"BMO Financial Group, the 8th largest bank, by assets, in North America, and Riskfuel Analytics a Toronto-based start-up, have announced a partnership to develop models for pricing and scenario analysis of structured derivatives transactions. This comes following a successful pilot project, which saw quantitative researchers from both firms develop a solution to speed up valuation of autocallable notes which previously...
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How XVA quants learned to stop worrying and trust the machine – Risk.net

By Press
"Last year, Scotiabank began using a deep neural network developed by Riskfuel, a fintech start-up, to approximate the outputs of the Monte Carlo models it uses for derivatives pricing. The neural network was trained within a day using the vast amounts of computing power available on Microsoft’s cloud platform. The bank credits the new system with improving both the speed...
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