Asset Control & Finmechanics: Announced a new technology partnership
- Finmechanics provides banks with highly-precise and transparent valuations, risk management, and regulatory compliance
- Asset Control is the market leader in data quality software solutions for financial data
- Technology partnership to provide banks with an accelerated approach to FRTB preparedness
- Non-modellable risk factors and profit and loss (P/L) discrepancies, in particular, can be quickly identified and addressed
- The solution tightly integrates data management with risk analytics, providing new standards of agility
- In addition to FRTB solutions, the partners also provide solutions for enterprise projects such as the transition to new interest rate benchmarks
