Numerix, the leader in risk technology, has been positioned as a Category Leader in the RiskTech Quadrant for FRTB Solutions 2017 published by Chartis Research. A companion piece to the Chartis RiskTech Quadrant® for Sell-Side Risk Management Technology 2017, where Numerix was also cited as a Category Leader, the report highlights Numerix for having a clear FRTB strategy, deep domain knowledge and a best-in-class solution.

The full report features an in-depth look at the implications of FRTB for banks and risk technology vendors. It analyzes the main impacts of FRTB on banks, and the implications for their operations and technology. Chartis stresses that FRTB will transform banks’ operations in several ways, affecting everything from modeling to reporting and governance. Structural organization and impact on bank operations will also shift significantly under FRTB, according to Chartis.

“As banks are increasingly embracing cloud technology to address regulatory demands, Numerix FRTB is built on Microsoft cloud technology and its companion app is now available on Microsoft AppSource,” said Steve O’Hanlon, CEO of Numerix. “Numerix FRTB is designed to be a flexible component of an institution’s FRTB strategy, for business impact assessment or as a core component of a broader enterprise-wide transformation. This has put Numerix in the unique positon where our solution can help with strategic decision-making in early stages, and provides a high-performance SaaS solution for ongoing FRTB compliance. With a proactive cloud strategy, banks can be nimble enough to react and be strategic about optimizing costs for FRTB going forward.”

“FRTB is a broad, overarching reform program that impacts every aspect of risk and trading technology. Vendors who are in the race in this evolving space need ‎to have mathematical and technological assets as well as capabilities across the spectrum such as advanced analytics, scalable risk calculations, both for standardized and internal methods, and strong data architecture,” said Sid Dash, Research Director at Chartis Research. “The Numerix family of applications, including Numerix FRTB, we believe meet FRTB’s demanding criteria for breadth and depth and so must be considered one of the leading suppliers in this emerging space.”

“As I’ve said in the past, we expect larger transformation projects to stem from FRTB compliance. As a platform that transcends the front office and middle office, Numerix Oneview provides integrated analytics for trading, risk, finance and operations. Enhanced with FRTB capabilities, Numerix Oneview will fully capture all elements of risk,” concluded O’Hanlon.