Jefferies goes live with Percentile’s RiskMine Cube

Jefferies & Company, Inc., the global investment banking firm continues to enhance its global risk technology infrastructure delivering cutting edge tools to its end users in Risk Management. Michael Schulz, Chief Risk Officer for Jefferies International, noted “RiskMine Cube has allowed us to rapidly incorporate both market and credit risk and enabled our risk managers to slice and dice significant amounts of data. This in turn has facilitated a more efficient analysis and investigation of the Firm’s risk profile. The introduction of new risk attributes and measures is now a simple matter of a configuration change.”

Anthony Pereira, CEO of Percentile, said: “We’re delighted that Jefferies recognised the expertise of the Percentile team and the ability of our software to enhance their growing risk infrastructure. Percentile’s team worked closely with Jefferies Risk and IT teams to deliver both Market Risk and Credit Risk in-memory aggregation and reporting, on time and on budget.”

RiskMine Cube simplifies the creation and management of large in-memory multi-dimensional data sets. By quickly integrating into multiple sources of risk and exposure data, RiskMine Cube provides a robust, flexible and scalable platform for fully governed risk aggregation and reporting. The automation also reduces the maintenance burden for IT teams in developing risk reports.

Pereira added: “Risk Management teams in most banks are facing constantly growing demands from the business and regulators for more granular, frequent and, above all, insightful risk analysis. New regulations add to the significant burden of data management and reporting for Risk teams. With RiskMine Cube, Jefferies is taking proactive steps to lay down the infrastructure required to easily handle today’s requirements and scale with future demand.”