Asset Control, the leading provider of financial data management solutions, is proud to announce its ranking as a point solution provider in the Chartis RiskTech Quadrant for Sell-Side Risk Management Systems 2017.
In the executive summary to this new report, Chartis Research highlight how “a number of regulatory and business developments have had a profound effect on the industry, transforming the requirements sell-side firms have of their technology and how vendors are responding”.
Asset Control’s inclusion in the Chartis RiskTech Quadrant for Sell-Side Risk Management Systems 2017 as a point solution vendor acknowledges the qualities of the company’s technology solutions in helping sell-side firms address their specific data architecture, integration and distribution challenges. The report also ranks Asset Control’s overall technical framework as having “best in class capabilities”, the highest ranking achievable.
Developed with input from their customers, Asset Control’s solutions help financial institutions improve the timeliness and quality of their market, reference and risk data, while supporting gains in operational efficiency and addressing the specific requirements of regulatory frameworks such as stress testing, FRTB, MiFID, PRIIPS and BCBS 239.
Its range of standard and maintained off-the-shelf interfaces to all major data vendors enables Asset Control to collect data at any frequency – including end-of-day – via multiple intra-day snapshots or in real-time. By utilising time-series consolidation and a library of cleansing rules, data from multiple vendors or brokers can be combined into clean, consistent and reliable valuation and risk factor inputs for market risk calculations. This capability addresses the specific challenges of risk management and new regulation, with particular focus on FRTB and its requirements on longer market data histories, proxies and use of ‘real prices’.
Mark Hepsworth, CEO, Asset Control, comments: “We are pleased to be recognised as a leading point solution vendor. It is hugely gratifying to see our hard work and continued innovation in helping clients with their risk management infrastructure being recognised through inclusion in the 2017 Chartis RiskTech Quadrant.”