Amphora, a leading vendor of multi commodity trading and risk management solutions to streamline operations, reduce transaction costs and manage financial and physical transactions and CubeLogic, a leader in business intelligence (BI) enabled risk management, workflow and reporting solutions, announce a certified native integration between Amphora’s Symphony CTRM and the CubeLogic RiskCubed platform.
Amphora’s initiative to build a standard adapter to integrate Symphony with RiskCubed will enable its clients to seamlessly deploy a fully integrated, end to end solution covering; KYC counterparty onboarding, trading, operations, market and credit risk, accounting and shipping. The combined solution will leverage the complementary strengths of two market leading platforms without incurring any of the usual integration costs.
Amphora’s clients will be able to initiate and manage counterparty KYC reference data take on workflows using RiskCubed and, as soon as a counterparty is approved, seamlessly flow the data to Symphony to enable trading to begin. Similarly, RiskCubed will manage credit risk management policy workflows, transmit approved credit limits and track credit exposures against limits on a forward-looking basis, as well as enabling sophisticated counterparty credit scoring to be applied and providing full lifecycle collateral management capabilities.
Chris Mudry, CEO Amphora, comments, “Our objective is to provide a full service, end to end platform to our growing client base. By natively integrating with CubeLogic, we can focus our efforts on being the best in class in trading, operations, market risk, accounting and shipping while being safe in the knowledge that we have partnered with the market leader in counterparty KYC onboarding and credit risk to complete the jigsaw.”
Lee Campbell, CEO CubeLogic, comments, “CubeLogic greatly values Amphora’s recognition of the best of breed nature of RiskCubed for counterparty KYC onboarding workflow and credit risk management and we look forward to helping to serve the needs of Amphora’s clients.”