Crédit Agricole CIB taps Opensee for market risk management solution
Crédit Agricole Corporate and Investment Bank (CIB) has tapped the French fintech Opensee to launch a new market risk management solution for its front office users.
Crédit Agricole taps Opensee for market risk management
The solution works to consolidate the bank’s data sets for its global markets business lines, which were previously fragmented across different systems.
Opensee’s self-service tools are expected to enable Crédit Agricole CIB’s global markets management to monitor, analyse and report risk exposures across its trading activities, with the benefit of storing its market data in a single repository.
Regis Benichou, head of business risk advisory at Crédit Agricole CIB, sees the launch of its new market risk management solution as “a game changer” for speed efficiency and governance.
“Greater data accuracy will minimise operational risk while managers will have quicker aggregated overviews for better oversight,” he claims.
Benichou confirms that the partnership is expected to deploy the solution across the bank’s various business units over the coming year, including outreach to FX options and non-linear interest rate derivatives traders.
“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,” adds Stephane Rio, founder and CEO of Opensee.
Headquartered in Paris, with offices in London, New York and Singapore, Opensee says its real-time, cloud-based data platform enables businesses to “go beyond standard reporting” with features including Python-backed calculators, AI-powered data quality assistants and data visioning tools.
The platform last raised €11 million in a Series A funding round led by Omnes Capital back in December 2022.
