Percentile and Torstone Integrate Risk and Post-Trade Processing Platforms

Percentile, a risk management and regulatory compliance provider, and Torstone Technology, a securities and derivatives processing software provider, have partnered to integrate Percentile’s RiskMine platform with Torstone’s Inferno system to reduce risks, improve efficiencies and enable regulatory and management reporting across risk, middle and back office, and accounting for financial institutions.

Percentile’s RiskMine is a cross-asset risk management platform that aggregates firm-wide market and credit risk exposures, offering automated market data cleaning, a scenario generation engine and distributed pricing architecture for internal and regulatory calculations.

Torstone’s Inferno is a multi-asset post-trade processing system across the middle and back office and accounting functions within a firm, helping them achieve high rates of STP and supporting operations, finance, middle office, treasury, risk and compliance.

“We constantly hear of disjointed, manual processes in preparing key risk and capital requirements for senior management,” says Brian Collings, CEO of Torstone Technology. “This exciting partnership will improve control and reduce this complexity for our clients. In today’s highly regulated landscape there is immense pressure from regulators to ensure consistent risk and financial numbers. Having technology in place which ensures this, on an ongoing basis, will improve operating efficiency. Costs will be reduced as clients are able to combine regulatory and management reporting.”

“We have a long history of working with the Torstone team and our technologies complement each other perfectly,” says Anthony Pereira, Percentile’s founder and CEO. “Financial institutions have a history of fragmented post-trade activity working off badly integrated components. RiskMine’s integration with Inferno showcases the benefits of having Risk and Finance technology seamlessly working together.”