13 May 2019 – Alveo was nominated by the industry and shortlisted by A-Team’s editor’s and advisory board for this category. A-Team Group’s community of financial institutions and practitioners then voted on their preferred suppliers in the final round of the awards process and selected Alveo as the Best Software Solution for FRTB.
The award win comes in the wake of several customer win announcements and Alveo’s introduction of its PaSS managed data services solution, facilitating a shift of high-quality risk factor time series and reference data services to the cloud. Tight coupling of risk factor preparation and calculation engines help clients with cost-effective and timely analytical, processing and reporting needs.
Alveo’s data management solutions address a rapidly changing market, driven by increasing volumes, stringent demands on quality and cross-source, cross-platform data lineage and strict requirements on data management processes.
“We are honored to be awarded the ‘Best Software Solution for FRTB’. We see both IMA and SBA firms using FRTB as a catalyst to upgrade their market data management capabilities while also catering to overlapping requirements in IPV. Our solutions help our customers improve data quality and increase the productivity of users in valuation and risk. We are delighted that this has been recognized and are looking forward to continuing to innovate” said Mark Hepsworth, CEO Alveo.
Angela Wilbraham, CEO of A-Team Group, RegTech Insight Awards, said: “We are very pleased to offer our congratulations to Alveo on their prestigious RegTech Insight Award win. Our readership of 15,000 senior regulation and compliance executives clearly voted Alveo as the Best Software Solution for FRTB.”
Alveo’s win was announced at an awards ceremony in London on 3 May 2019.
About Alveo
Alveo is the market leader in data quality software solutions for financial data. Focused on business user enablement, we help clients simplify complexity and ensure users across buy and sell side make the most of their data assets by providing easy data integration, data cleansing, distribution and data discovery solutions.
We service a blue-chip client base globally and our award-winning solutions provide rigorous processes to secure high-quality data, easy integration into business user workflows and a trusted environment for advanced analytics. Delivered through managed services, cloud or on-premise deployment, our highly scalable products help the world’s most successful financial institutions meet their risk management, valuation, security master and operational needs with mission critical reliability.
*Please note: This press release was originally published under Alveo Technologies. As of the publication date, Alveo Technologies is now known as Prime EDM under Gresham. Any prior Alveo content has been updated to reflect Gresham's current branding and offerings.