Toronto, February 25, 2021 — Riskfuel, an innovative technology company developing machine learning tools to accelerate pricing and derivatives valuation, announced today that it has been named a RiskTech Quadrant® Category Leader for xVA Analytical Components.
Riskfuel transforms valuation and risk calculations of complex derivatives products from an overnight process to an on-demand process. In collaboration with Microsoft and Scotiabank, Riskfuel’s technology was shown to accelerate production workloads by more than 20 million times, allowing for on-demand recalculation of portfolio values and a complete up-to-the-second view on risk.
“Winning such a prestigious award is a real boost for Riskfuel”, said Riskfuel CEO Ryan Ferguson, “We’ve solved a problem derivatives desks have struggled with since they started trading OTC products. I am extremely proud of Riskfuel’s talented team and our important market risk innovations.”
Riskfuel is transforming market risk management for banks and insurance companies. Risk calculations that normally take hours or days can now be completed in seconds, giving Riskfuel clients full insight into their risk at all times.
For more information, visit riskfuel.com
About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology and financial technology. Chartis’ RiskTech Quadrant® reports are written by experienced analysts with hands-on experience of selecting, developing, and implementing risk management systems for a variety of international companies in a range of industries including banking, insurance, capital markets, energy, and the public sector.
For more information, visit chartis-research.com