Opensee Partners with Crédit Agricole CIB for Risk Analytics

<p>Crédit
Agricole Corporate &amp; Investment Bank (CACIB), a major player in the global
banking sector, has launched a new market risk management platform developed by
Opensee, a data analytics expert for the financial industry. This solution
consolidates diverse data sets into one repository, previously dispersed across
different systems, facilitating enhanced risk monitoring and analysis for CACIB’s
Global Markets management.</p><p>Crédit Agricole CIB
Integrates Opensee's Risk Management Platform</p><p>The
integration of Opensee's platform marks a significant upgrade in <a href="https://www.financemagnates.com/terms/r/risk-management/" target="_blank" rel="follow">risk
management</a> for CACIB's trading activities. With the new system,
managers gain access to comprehensive tools that offer a consolidated view of
risk exposures, allowing for a more effective and accurate oversight of market
activities. </p><p>"This
is a game-changer for the bank in terms of improving the speed, efficiency and
governance of risk management," said Regis Benichou, the Head of Business
Risk Advisory at <a href="https://www.financemagnates.com/institutional-forex/dmalink-strengthens-fx-and-bullion-presence-onboards-crdit-agricole-cib/" target="_blank" rel="follow">CACIB</a>.
“Greater data accuracy will minimise operational risk while managers will have
quicker aggregated overviews for better oversight.”</p><p>Opensee's
solution is designed to address the challenges of managing the increasing
volume and complexity of financial data. Its platform boasts Python calculators
for regulatory measures, AI-powered Data Quality Assistants, and features such
as Data Versioning. These tools enable Front Office, Risk, and Finance officers
to collaborate and adjust data in a controlled and auditable environment.</p><p>Plans for Further Expansion</p><p>Further
expansion of the platform's utility is in the pipeline, with plans to tailor it
to specific asset classes, which will benefit traders in FX options and
non-linear interest rate derivatives in their everyday <a href="https://www.financemagnates.com/terms/r/risk-management/">risk management</a> tasks. </p><p>Stephane
Rio, the Founder and CEO of Opensee, commented on the partnership and the
tailored integration of their platform with CACIB, equipping the
bank's team to harness their data's potential fully.</p><p>“Crédit
Agricole CIB’s data divers are now fully equipped to embark on their data
exploration journey with the freedom and flexibility to extract the value
hidden in the depths of the bank’s data lakes,” Rio stated.</p><p>Opensee is a technology company that provides advanced data analytics solutions for financial institutions. Its platform enables users to perform self-service analytics on large datasets for applications like market risk management. Opensee was incubated at Societe Generale and is now used by major banks for risk management applications.</p>

This article was written by Damian Chmiel at www.financemagnates.com.