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Global regulations are fundamentally altering derivatives trading and risk management practices. A few years ago, if a bank had $1, they would spend it on a new trading algorithm. But now, they rather spend it on optimizing post-trade processes, mainly to better manage risks. Especially in the derivatives area, which is a $500 trillion market by notional ($50 trillion market by value at risk). Approx. 75% of this market is catered by products organizations and most of them were built for pre-Lehman Brothers era. This gives a niche startup, such as OpenRisk, an unparalleled advantage to disrupt a market that has not seen any innovation in several decades.
OpenRisk is a FinTech startup with a revolutionary vision -- to disrupt the Derivatives Risk Management market -- with a smart platform that helps clients to achieve global regulatory compliance, high operational efficiencies (reduced bottom-line), business growth objectives (increased top-line) and optimize the cost of margin transactions. As a testament to our vision and strategy, OpenRisk has been selected as one of the top ’20 Most Promising Banking Technology Solution Providers - 2017’ by CIOReview magazine.
OpenRisk is addressing the three fundamental problems of the capital markets today - (1) Inadequate and inefficient real-time measure and control of firm-wide risk exposure (2) Complex and ever-changing derivatives regulatory compliance challenges (3) Ever-increasing cost and complexities of legacy technology maintenance and operations.
OpenRisk solution to these problems are three-fold - (1) An ontology based neural network of data for seamless FO to BO integration across derivatives desks (2) A highly flexible data model in a standardized framework (FIBO) for continues regulatory compliance (3) AI technologies, Micro-services, and innovative User eXperience for high efficiency and automation levels.