Bred Banque Populaire Selects Quantifi for Market Risk
Bred Banque Populaire has chosen Quantifi's market risk platform as part of a strategic initiative to modernize its risk infrastructure.
Quantifi, a risk platform provider, announced today that Bred Banque Populaire has selected its market risk platform. This selection is part of the bank's strategy to modernize its risk management infrastructure.
Bred Banque Populaire, a French bank, required a solution to cover cross-asset market risks in fixed income, rates, credit, equities, foreign exchange, and inflation products. The bank aimed to replace its outdated infrastructure with a unified framework that would enable consistent risk calculations and end-of-day reporting. The new system also needed to meet the expected standards of governance, model transparency, and control within a regulated European banking environment.
Quantifi's cross-asset coverage, transparent modeling framework, and extensible Python API were key factors in the decision. The platform offers full transparency into risk methodologies, allowing the bank's risk teams to maintain control over models and evolve their framework to align with internal governance and regulatory expectations. Quantifi's structured implementation approach and bank-ready architecture ensured compatibility with the bank's IT, audit, and operational requirements.
Under the agreement, Quantifi will provide end-of-day market risk calculations and reporting. These will be implemented on-premises and fully integrated into the bank's existing IT environment. This project represents a significant upgrade for the regulated banking sector and highlights Quantifi's capability in meeting risk standards for complex, cross-asset portfolios.