GreenPoint Financial (GPF), a company focused on providing practitioner-driven technology and consulting solutions to financial institutions and related industry segments, and ActiveViam, a software vendor in the global financial services industry specialized in in-memory BI analytics solutions, announced the formation of a global partnership for the creation, implementation, and validation of FRTB challenger models.

GreenPoint is delighted to announce this new partnership with ActiveViam to offer its FRTB Accelerator and Challenger platforms. ActiveViam’s FRTB Accelerator has been tremendously successful, having received a number of industry awards recently. It has been adopted globally as the preferred platform for FRTB, not only by Tier 1 banks but also by smaller institutions, regulators, and central banks.

We have jointly created the “FRTB Challenger” – an end-to-end platform for model validation and cross-checking capital charge computations to enable banks to minimize errors and comply with internal audits and regulatory guidelines.

GPF’s Chairman, Sanjay Sharma, PhD, stated, “With the partnership with ActiveViam we are looking forward to fully leveraging our subject-matter expertise in FRTB, and experience in managing capital-markets trading platforms. ActiveViam is undoubtedly the most robust and versatile platform for core FRTB and challenger-model platforms in the industry, and we are extremely pleased to be working with them.”

Chris Horril, Global Head of Partnerships and Resellers at ActiveViam writes “The company is looking forward to our partnership with GPF. We have been working with GPF for several months and are impressed by the expertise and depth of experience that GPF brings. The partnership with GPF extends beyond FRTB and ActiveViam looks forward to announcing climate change risk platform initiatives in the near future where GPF and ActiveViam will collaborate.”