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Riskfuel Wins RiskTech100 Market Risk Innovation Award

Toronto, November 30, 2022 — Riskfuel, the leading technology company in the field of machine learning for derivatives pricing, continues to make waves in the industry. Today, the company announced its win in the RiskTech100 Market Risk Innovation category and recognition as a Rising Star.

The Chartis RiskTech100® annual report is a comprehensive study of the world’s leading providers of risk and compliance technology, and Riskfuel’s recognition in this report is a testament to the company’s innovative and impactful solutions in the market. In collaboration with Microsoft and Scotiabank, Riskfuel’s technology has been shown to revolutionize the way investment banks approach valuation and risk calculations of complex derivatives products.

Riskfuel’s cutting-edge technology transforms the calculation process from an overnight task to an on-demand process, providing an up-to-the-second view on risk. With the ability to accelerate production workloads by more than 20 million times, traders and risk managers can now have complete transparency and understanding of the risks in their derivatives portfolios. Risk calculations that typically take hours or days can now be completed in mere seconds, offering real-time insights into market risk.

Riskfuel was founded in 2019 with the mission of giving traders the tools they need to efficiently manage the risk in their positions. With a talented team of 20 mathematicians and engineers, Riskfuel has quickly established itself as a leader in the industry and has contracts with prominent global banks such as Bank of Montreal, Scotiabank, and HSBC.

“Receiving such a respected award is a tremendous achievement for Riskfuel,” stated Riskfuel CEO Ryan Ferguson. “We have successfully addressed a challenge that derivatives desks have faced in trading OTC products. I am incredibly proud of Riskfuel’s talented team and our 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. 

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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.

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