New York, June 24, 2020 – ActiveViam, the global in-memory data aggregation and analytics firm, has licensed and successfully run the International Swaps and Derivatives Association’s (ISDA) benchmarking unit test for the Basel Fundamental Review of the Trading Book (FRTB) Standardized Approach, solidifying ActiveViam’s software as a premier solution to meet global banking regulations.
ISDA, the global derivatives trade group, developed the test with regulators and banks as a means to create best practices in implementation to fully comply with the Standardized Approach to FRTB, Counterparty Credit Risk and the Credit Valuation Adjustment. ActiveViam has licensed all three tests.
“ISDA is spearheading an initiative involving over 40 member banks to drive the accurate and consistent implementation of the new Standardized Approach capital models across the industry. We are delighted that solution providers are now joining this initiative and welcome ActiveViam as an early adopter,” said Panayiotis Dionysopoulos, Head of Capital at ISDA.
ActiveViam has fully and successfully run all of the complex calculations provided by ISDA in its FRTB Accelerator. ActiveViam developed a suite of “Accelerators” as add-ons to its signature in-memory data analytics platform, containing pre-packaged but configurable source code with all of the necessary calculations needed to meet regulatory requirements. Our regulatory solutions include Accelerators for FRTB SA and IMA, SA-CCR, CVA-RC, among other regulatory and business use cases.
“This partnership with ISDA will strengthen the ActiveViam brand and render the FRTB Accelerator solution as a “gold standard” for banks,” said Kathy Perrotte, Managing Director of ActiveViam.
More information about the ISDA unit tests.
ActiveViam was founded in 2005 and has deployed analytical solutions to help financial services firms make instantaneous business decisions and meet operational challenges. With a comprehensive offering of analytics and data science products based on in-memory technology and expert-designed user interfaces, ActiveViam’s clients achieve a unique level of precision, speed, and adaptability.
ActiveViam’s software solutions are used today by global banks, hedge funds, asset managers and derivatives exchanges for their most sensitive and intensive analytics needs. Our offices are located in Paris, London, New York and Singapore and we serve 90+ clients in more than a dozen countries.