Fincad, a provider of derivative analytics tools and services, has announced that SolveXia, a provider of enterprise hosting and risk management applications, has joined the Fincad alliance program to integrate Fincad’s derivative pricing libraries into its SolvenSeerF+ application.
Through this partnership, SolveXia will provide users of SolvenSeer F+ with access to Fincad’s cross-asset risk analytics.
According to Fincad, the proprietary SolvenSeer F+ application, designed by SolveXia, provides users with ready access to a range of asset projection functionality across asset classes in all major countries. This is made possible by incorporating Fincad’s analytics library into SolveXia’s infrastructure, thereby enhancing existing actuarial projection systems.
Jonathan Glass, Managing Director at SolveXia Said: A new generation of risk modeling will be called upon to gain a better understanding of risk profiles and acceptable levels of capital that must be set aside to satisfy investors and policy holders that their security is indeed safe.We are pleased to partner with FINCAD to offer greater certainty for the insurance industry and its participants with a new level of capability and proficiency.
Amar Budhiraja, program manager of alliance program at Fincad, said: In today’s volatile market, there is a vital need for comprehensive and efficient derivatives analytics to better manage risk. SolveXia’s integration of Fincad analytics will address this need and provide its clients in the insurance, investment and resource trading industries with extensive risk modeling capabilities.