Prometeia, the leading provider of risk management solutions, and Basinghall Analytics, a quant house focusing on risk modelling, data and regulation, have announced a strategic partnership to provide advisory services and software solutions in the UK, Ireland, Switzerland, and Nordics.
Basinghall offers SME-based consulting in the areas of prudential regulation and risk management, with a strong emphasis on four areas: end-to-end model lifecycle, stress testing, data and reporting and systems implementation.
Set-up by ex-Partners from primary consultancies and MDs at international banks, the Basinghall team offers rigorous, pragmatic solutions through a network of specialists spanning the UK and Europe.
As a global provider of both model advisory and software solutions, Prometeia experience is extended to credit, liquidity and market risk frameworks, including software tools designed to support model development and lifecycle. In particular, Prometeia’s comprehensive suite includes the Prometeia Modeling Platform, an open laboratory-like environment with proprietary accelerators, templates for the development of advanced analytics, and solutions for Model Management and Model Risk Quantification.
The Prometeia - Basinghall collaboration leverages the synergies between the companies’ methodological competencies, to meet the new challenges set by the model governance in complex banking organizations. The expected benefits are represented by faster model deployment, streamlined organizational processes and rationalization of the modelling infrastructure across multiple departments (first, second and third line of defence).
Massimo Pedroni, Head of Risk Management International Business at Prometeia, commented, “Basinghall Analytics has a successful track record helping clients navigate ever-increasing complexity in model governance. The combination of their risk advisory and quantitative expertise with Prometeia’s consulting and technological capabilities will be a strong differentiator, enhancing our services to financial institutions in UK and European Union”
Nasir Ahmad, Managing Partner of Basingall Analytics, commented, “We believe that together we will be able to demonstrate to our clients “best practice in action” in the modelling space – which is another way of saying that we are creating modelling applications that embed deep subject matter expertise into sophisticated technology kit. We are very excited about this partnership and look forward to together winning in the market.”
Prometeia and Basinghall Analytics will present their methodology in Model Risk Quantification in a webinar you can register for for free here:
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