20 January 2018
visit http://response.ncr.com

Tullett and Quaternion partner CU FinTech Lab on open source risk project

08 December 2016  |  7015 views  |  0 Risk on chalkboard

Tullett Prebon Information and Irish risk analytics firm Quaternion have partnered to launch an open source risk project in collaboration with Columbia University’s FinTech Lab in New York.

The collaborative effort will support opensourcerisk.org and is aimed at delivering a method to standardise risk modelling across the industry.

Frank Desmond, CEO at TPI, says: “Quaternion’s open source risk framework is of huge value to the academic community, facilitating research into the fundamental drivers of financial markets. Our data, Quaternion’s innovative approach and Columbia University’s research will provide the financial markets with more clarity on risk."

The three partners are inviting finance professionals and the academic community to test, improve and develop the open source code contributed by Quaternion and contribute to the progress of standardised models.

From a commercial perspective, TPI and Quaternion says they intend to partner on the development of data products and services to help banks to manage their capital more efficiently.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

OpenGamma raises $13.3m

OpenGamma raises $13.3m

05 October 2016  |  4795 views  |  0 comments | 5 tweets | 1 linkedin
Tullett Prebon to build new tech hub in Belfast

Tullett Prebon to build new tech hub in Belfast

02 August 2016  |  4539 views  |  0 comments | 4 tweets | 3 linkedin
Icap to rebrand as financial technology company

Icap to rebrand as financial technology company

16 May 2016  |  10094 views  |  0 comments | 8 tweets | 9 linkedin
Barclays and CommBank explore open source collaboration pact

Barclays and CommBank explore open source collaboration pact

03 November 2014  |  11222 views  |  1 comments | 8 tweets | 11 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.vasco.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
12237 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
7547 views comments | 11 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
7418 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
6650 views 1 | 6 tweets | 2 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job