Toronto, August 31, 2022 — Riskfuel, an innovative technology company developing ML tools to accelerate pricing and derivatives valuation, announced today that it has been selected to join the third cohort of the Station FinTech Montreal Accelerator powered by Highline Beta.
The Station FinTech Montréal Accelerator is a 4-month program designed to help founders accelerate their growth by introducing them to targeted connections in large corporations, insurance companies, investors and service providers within the Finance Montréal network in order to support corporate-startup collaboration.
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.
“We’re excited to participate in the Station FinTech Accelerator”, said Riskfuel CAO Marian Ferguson, “We look forward to introductions to potential customers and investors and the support of experts and advisors to help us expand our network and accelerate our growth.”
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 Station FinTech
Working alongside the major players in the financial sector, the Montréal FinTech station is an initiative of Finance Montréal. Its mission is to offer young companies in the FinTech ecosystem a synergistic turnkey environment that promotes their development.
For more information visit stationfintech.com