Advanced risk analytics as a fully managed solution

Designed to meet the needs of capital markets and energy and commodity firms alike

Showcased at Tech in Commodities Day, Singapore Fintech Festival, 7-11 December 2020

London, Houston, Singapore, Berlin. Monday 7th December 2020. CubeLogic, the market leading provider of award-winning enterprise risk management solutions, today announces the launch of a new Risk-as-a-Service (RaaS) offering developed in partnership with Numerix and IOWArocks. The new service delivers advanced credit, market and compliance risk analytics in a flexible, scalable solution with both end-of-day and real-time capabilities.

The new RaaS managed service solution comes with a set of pre-configured options which have been specifically designed to meet the unique needs of financial services institutions and energy and commodity firms alike. Launched in response to client demand, highlights include:

  • RiskCubed risk engine, powered by Numerix advanced valuation and risk analytics, offering the full range of valuations, greeks, cross greeks, VaR, tracking error, PFE, CVA, xVA, stresses and scenarios.
  • Market leading out-of-the-box data connectivity from IOWArocks (formally MDX Technology) covering market, reference and alternative data.
  • Business intelligence enabled: on-the-fly reporting, dashboards, charting, historical analysis and trends.

Karl Sees, MD Financial Services CubeLogic comments, “We are delighted to announce the availability of this new and much needed solution. Not only am I excited about the opportunities it represents for the three firms involved, I also believe it is a great example of how, by collaborating with a group of like-minded, best of breed providers we have been able to develop a really compelling capability the market actually needs. Risk-as-a-Service may not be a new term, but our approach is. By combining the specialist, but highly complementary skills and experience of the CubeLogic team, together with Numerix and IOWArocks, we have been able to very quickly construct a robust solution which can flex to suit the specialist needs of our users.”

Steve O’Hanlon, CEO of Numerix continues, “Across financial services one of the strongest trends we are seeing is the pressure to reduce operating costs. We believe this service further enables firms to outsource business processes to expert providers with confidence, and as a result will enable them to significantly improve risk mitigation capabilities and achieve the cost savings they desire. With three market leading solutions brought together in a single Risk-as-a-Service offering, the solution can be delivered on-premises or in the cloud and can be implemented faster and more efficiently than ever before.”

Paul Watmough, Co-founder & CEO IOWArocks concludes. “Cost reduction is most definitely high on everyone’s agenda. Particularly for consumers of market data which can typically be the second largest expenditure for most financial services firms. The IOWArocks global marketplace boasts a growing catalogue of alternative, reference and market data providers and is already enabling users to purchase only the data sets they need, on highly flexible commercial terms. I am delighted to be part of this strategic initiative which will enable firms to rationalize data consumption costs whilst delivering risk competency and regulatory efficiency.”

CubeLogic will be showcasing Risk-as-a-Service at ‘Tech in Commodities Day’ – part of the Singapore FinTech Festival. December 7-11 2020.

About CubeLogic

CubeLogic is the leading supplier of business intelligence enabled enterprise risk management solutions for 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. https://cubelogic.com/

About Numerix

Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence applications 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. For more information visit: http://www.numerix.com/.

About IOWArocks

IOWArocks, the global marketplace for data, technology and services provides a unique connect once, access everything, use anywhere venue for both data owners and data consumers alike. Underpinned by proven technology from MDX Technology, the new marketplace is open for business 24/7. The firm is headquartered in London.

For more information please get in touch.

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