- Partnership Announcement:
- Crédit Agricole CIB collaborates with French fintech Opensee for a market risk management solution.
- Data Consolidation:
- Opensee’s solution consolidates Crédit Agricole CIB’s global markets data, previously scattered across different systems.
- Tools for Global Markets Management:
- Opensee’s self-service tools empower Crédit Agricole CIB’s global markets management.
- They facilitate monitoring, analysis, and reporting of risk exposures in trading activities.
- Market data is stored in a unified repository for streamlined access.
- Game-Changing Impact:
- Regis Benichou, Head of Business Risk Advisory, views the solution as a “game changer” for speed, efficiency, and governance.
- Predicts minimized operational risk and quicker aggregated overviews for improved oversight.
- Deployment Plan:
- The partnership aims to deploy the solution across various business units in the next year.
- Outreach includes FX options and non-linear interest rate derivatives traders.
- CEO Insight:
- Opensee’s CEO, Stephane Rio, highlights the empowerment of Crédit Agricole CIB’s data divers for efficient data exploration.
- Emphasizes freedom and flexibility to extract hidden value from the bank’s data lakes.
- Opensee’s Platform Features:
- Opensee’s real-time, cloud-based data platform, headquartered in Paris, offers features beyond standard reporting.
- Includes Python-backed calculators, AI-powered data quality assistants, and data visioning tools.
- Funding Update:
- Opensee raised €11 million in a Series A funding round led by Omnes Capital in December 2022.
Crédit Agricole CIB taps Opensee for market risk management solution
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