Numerix Recognized for Risk Management Innovation in 2022 FinTech Breakthrough Awards Program

Prestigious International Awards Recognize Outstanding Financial Technology Products And Companies

Numerix, the leader in risk technology, today announced that Numerix Oneview XVA has been selected as winner of the “Best Risk Management Service” award in the sixth annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today. Numerix received this same award in 2020 before also being recognized as “Best Overall Analytics Platform” in the 2021 FinTech Breakthrough Awards program.

Numerix’s “breakthrough” for Oneview XVA leverages the Company’s pioneering quantitative research in the field of derivatives pricing. This powerful service enables the calculation of a wide range of XVA measures, including XVA sensitivities, for use in derivative pricing, dynamic XVA management, regulatory capital calculations and fair value accounting.

Numerix’s XVA product provides comprehensive coverage of all XVAs so that banks can generate risk-adjusted derivatives prices across any trade types and asset classes, including complex exotics. Additionally, its market-leading algorithms are optimized for performance during volatile markets. These algorithms are able to utilize cutting-edge quantitative models known for their performance optimizations and accuracy.

Numerix’s performance-optimized XVA algorithms are deployed via a cloud-optimized compute engine and can provide the fastest XVA analytics in the market. Even the most compute-heavy XVA calculations are available in real-time to support mission-critical trading and risk decisions in fast-moving markets.

“It's an honor to receive this recognition, once again, from FinTech Breakthrough. This award is due to our incredible team here at Numerix. Our vision for Oneview has always been underpinned by a clear understanding of how the underlying architecture could be built to apply to a wide range of use cases within front office trading and risk management,” said Steve O’Hanlon, CEO, Numerix. “With Numerix Oneview for XVA, we put the industry’s most sophisticated analytics at the core of the XVA desk, empowering the front office and risk functions with the actionable insights they need to compete and win in their markets.”

The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2022 FinTech Breakthrough Award program attracted more than 3,950 nominations from across the globe.

“While many XVA solutions claim to be 'real-time', they are typically only able to provide XVA calculations on an end-of-end or intraday basis - as well as being static, inflexible, and incapable of adapting to rapid change,” said James Johnson, Managing Director, FinTech Breakthrough. “XVA desks need fast and accurate views into the profitability and risks of their derivative business and Oneview delivers on this need – empowering new trades on XVAs, counterparty exposures, and regulatory capital in genuinely real-time. Ultimately, Numerix allows central desks to confidently execute even the most complex deals at the right price, and we are thrilled to recognize the Company as a 2022 FinTech Breakthrough Award winner.”

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 about Numerix: http://www.numerix.com/

About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.