RiskMine Strikes Gold as Best New Product: Risk Management at FOW International Awards 2019
London – 12 December 2019 – Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announced that its cloud-based platform, RiskMine, which enables global financial firms to manage their risk reporting, analytics and regulatory compliance has been recognised as the Best New Product: Risk Management in the FOW International Awards 2019.
The annual FOW International Awards recognise the best and brightest innovations in the derivatives industry in a range of categories. The awards are judged by a panel of industry experts drawn from across the market in a range of disciplines. The Best New Product: Risk Management award signifies that Torstone is a technology company whose product has solved a problem creatively, opened up new possibilities, or changed the way participants approach the market.
RiskMine is designed and built with transparency and data governance as its core philosophy. By automating the routine daily tasks of risk managers, the solution enables them to spend more time analysing risk and quickly drilling-down to the drivers of risk exposures. Historical data cleaning is automated and data aggregated across multiple sources of risk exposures, providing the risk managers with instant access to the vast amount of daily and intra-day risk data.
RiskMine seamlessly integrates with other Torstone solutions, sharing high quality transaction and reference data, which is reconciled between books and records and risk management views of the business, which is of key importance to regulators. It effortlessly scales to the needs of multiple desks across multiple global locations.
Commenting on the win, Brian Collings, Chief Executive, Torstone Technology, said, “Firms are under increasing pressure to reduce costs while working to meet new compliance and risk management goals, a balance that can only be struck through the use of a modular platform developed to tackle the complex needs of risk management in today’s capital markets. It is a great honour to see our innovative solution, RiskMine, recognised with this prestigious industry award.”
Luke Jeffs, managing editor at Global Investment Group, said, “Now in the 9th year in their current format, the FOW International Awards recognise the very best achievements from across the global cleared derivatives market. We had an exceptional slate of entries this year and would like to extend our congratulations to all of the deserving winners.”
About Torstone Technology www.torstonetechnology.com
Torstone is a leading global provider of cross-asset securities and derivatives post-trade processing technology. Torstone’s cloud-based, award-winning platform is fast, flexible and future-proof. It enables global financial firms to reduce their total cost of ownership, achieve greater control, minimise risk, and drive operational efficiency. Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, Torstone offers agile, secure, scalable, and cost-effective solutions.
Torstone Technology is headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.