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Riskfuel Wins RiskTech100 Market Risk Innovation Award

By November 30, 2022No Comments

Toronto, November 30, 2022 — Riskfuel, an innovative technology company developing machine learning tools to accelerate pricing and derivatives valuation, announced today that it has won the RiskTech100 Market Risk Innovation category award and was recognized as a Rising Star.

The Chartis RiskTech100® annual report is a comprehensive study of the world’s leading providers of risk and compliance technology. The awards recognizes technological innovations that benefit firms such as investment banks that issue, sell, or trade securities.

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.”

About Riskfuel

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. Each year, the entity conducts a thorough analysis of the world’s top risk and compliance technology firms across the globe for its RiskTech100® ranking. The rankings in the report reflect Chartis analysts’ expert opinions, along with research into market trends, participants, expenditure patterns, and best practices. Having provided an independent analysis of the risk technology marketplace for more than 15 years, the RiskTech100® rankings are an established industry benchmark.

For more information, visit www.chartis-research.com

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