CubeLogic and Numerix partnership yields rapid results
Two new client signings within eight months
London, Houston, Singapore, Bangalore and Berlin, Wednesday 12th February 2020 – CubeLogic, the leading provider of Business Intelligence enabled Enterprise Risk Management and Compliance solutions announces two new client signings working in partnership with Numerix. Numerix is the premier provider of leading-edge solutions for pricing, market risk, credit risk, XVA and FRTB.
Within eight months of this new collaboration (see press release) both CubeLogic and Numerix are delighted to announce that they have jointly secured two high profile deals. The first is with a well-known global liquidity provider and market maker and the second, a crypto currency bank. Both firms are benefitting from the combined offerings of CubeLogic and Numerix via this innovative and forward thinking joint venture. Together they are providing real-time VaR and Market Risk Management tools for the liquidity provider, whilst helping the Crypto bank to achieve real-time management of contingent market risks in their client margin trading business.
Numerix’s market leading multi-asset class pricing and risk analytics further enhances the RiskCubed suite of solutions. This provides fully managed APIs for seamless integration into the RiskCubed data model, workflow, on-the-fly analytics, reporting and visualization.
Karl Sees, MD, Financial Services comments, “This is a fantastic outcome for both CubeLogic and our partners at Numerix. It is a concrete demonstration of what can be achieved from a very symbiotic and highly collaborative relationship, results like these are rarely seen in this industry. Increasingly we are seeing the growing importance of the partner sales model, especially when trying to penetrate large multinational organisations and a key part of our strategy was to team up with a complementary firm that shared our vision and approach. From the outset I was convinced that together the power of the combined Numerix and CubeLogic offering would deliver a unique and highly flexible proposition, these two client signings have validated this belief. I am looking forward to developing a much closer working relationship with the Numerix team as we move forward in 2020.”
Elaine McKiernan, Executive Vice President, Global Business Development for Numerix said, “Our proven pricing and risk analytics models paired with Cubelogic’s advanced technology has delivered unique solutions to both new clients that they were unable to achieve via more traditional vendors. We too are excited about the opportunities this collaboration is generating for both businesses. In hand with the upcoming regulatory pressures we believe there is a ‘perfect storm’ on the horizon and the growing potential client pipeline is further proving this.”
CubeLogic is the leading supplier of business intelligence enabled enterprise risk management solutions for all energy, commodity and financial markets exposures arising from market risk, credit risk, liquidity risk and regulatory compliance. CubeLogic’s founders are renowned experienced industry specialists who have an impressive track record of developing and implementing global risk IT solutions. In the current volatile market conditions, CubeLogic addresses the increasing demand for robust, cost effective Business Intelligence solutions for risk management.
Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence capabilities for trading and risk management. Committed to out-of-the box thinking, the exploration and adoption of latest technologies, Numerix is dedicated to driving a more open, fintech oriented, digital financial services market. Built upon a 20+ year analytical foundation of deep practical knowledge, experience and IT understanding, Numerix is uniquely positioned in the financial services ecosystem to help its users reimagine operations, modernize business processes and capture profitability. https://www.numerix.com/
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