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Platform Partners with Fermat on Optimizing Risk Management

HPCWire: Platform Computing has announced a recent partnership with Fermat, a provider of risk management products to the Financial Services Industry.  The partnership will integrate existing Fermat software products with Platform Symphony.  This will include Fermat ECAP, ALM (for Earnings at Risk), Market Risk, Value-at-Risk and Expected Position Exposure.  The team will also integrate Fermat’s Solvency II compliance package for the insurance industry.

Companies in the financial services industry are continuously striving to remain on the competitive edge. Many institutions see grid computing as a decisive technology,” said Thierry Vercueil, CTO at Fermat. “Since Fermat’s products are used enterprise-wide, compatibility with Platform Symphony will help customers achieve results more quickly by offering tremendous calculation efficiency to risk and performance management products. Our goal is to deliver additional value to our joint customers. It is only natural to collaborate with key technology providers to maintain the competitiveness of our products as their usage intensifies in depth and scope.”

For more info on the partnership, read the full release at HPCWire here.

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