Quartet FS, a specialist provider of business intelligence and analytics technology, today announces that Société Générale Corporate & Investment Banking has completed a global implementation of ActivePivot 4.0, the latest version of Quartet FS' real-time, in-memory and object orientated OLAP aggregation engine.
ActivePivot is being used to manage risk and sensitivity updates in real-time. The solution has been implemented across Société Générale Corporate & Investment Banking's offices in Paris, New York, Tokyo and Hong Kong.
Quartet FS was selected by Société Générale Corporate & Investment Banking due to the truly real-time nature of ActivePivot 4.0 which constantly updates the risk values for new and existing trades. ActivePivot is able to compress the risk data travelling through the network between the bank's different offices around the globe without compromising the speed or real-time nature of the information.