CompatibL wins the Risk Markets Technology Awards 2022
A global pandemic accompanied by increased volatility has driven machine learning to gain traction in quantitative finance. CompatibL was quick to act to counter the negative impact of the global catastrophe and provide its customers with innovative technology.
Today, we are proud to have won the prestigious Best Modeling Innovation distinction at the Risk Markets Technology Awards 2022.
The Risk.net judges said:
“It’s really innovative. Being able to generate adequate time series data for risk management from sparse and short real time periods will be crucial given the increasingly weak usefulness of real historical data following events such as rates negatives, covid, credit crisis, etc. model:
“Reducing Reliance on Pre-Pandemic Historical Data.”
CompatibL’s market generator models are an industry-first technology, based on pioneering research conducted by quantitative experts. Models can generate data for time horizons between 1 and 30 years required by risk models. This enabled accurate measurement of credit risk, limits, insurance reserves and macro strategy performance during the pandemic. Machine learning algorithms generate sample market data when historical time series are of insufficient length, without relying on preconceived notions about the data.
Alexander Sokol, Founder, Executive Chairman and Head of Quant Research at CompatibL says:
“On behalf of CompatibL, I am honored to accept the Risk Market Technology Award for Best Modeling Innovation. Machine learning is a transformative new technology that will touch every aspect of the front, middle and back I am convinced that before the end of this decade, it will become the market standard for evaluating financial products and managing risk.
Last year, the financial markets experienced an unprecedented upheaval. Managing new levels of risk required innovative solutions, and machine learning was able to meet this challenge. The CompatibL team prides itself on being at the forefront of integrating machine learning into trading and risk management software.
About Risk Rewards
The Markets Technology Awards are one of the oldest and most prestigious awards programs for companies and individuals involved in risk management. It focuses on market risk, trading and investment risk technologies. The program is run by Risk magazine, now in its 35th year and billing itself as the oldest and most respected source of news and analysis covering the financial industry, with a particular focus on risk management. , derivatives and complex finance.