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Financial Libraries and Model Risk

In the relentless race to innovation and client retention, banks consistently propose new products and variants. Challenges involve not only the pricing algorithms but creating a integrated platform for valuations, risk, P/L and sensitivity calculations with the highest standards of transparency and controls.

Finmechanics FM Converge combines Market and Static Data management, adaptable financial libraries, a unique method for rapid integration and amendments of internal/external models, and perfect pricing integrity throughout with respect to the downstream application serviced. Our out-of-the-box extensive suite of models can be enriched with banks’ internal models with unmatched ease and transparency.