Societe Generale Selects Quartet FS For Global Risk Management Solution

Quartet FS, a provider of business intelligence and analytics technology, announced that Societe Generale Corporate & Investment Banking has completed a global implementation of ActivePivot 4.0, the latest version of Quartet FS' real-time, in-memory and object orientated OLAP aggregation engine.

The bank is using ActivePivot to manage risk and sensitivity updates in real-time. The solution has been implemented across Societe Generale Corporate & Investment Banking's offices in Paris, New York, Tokyo and Hong Kong. Societe Generale Corporate & Investment Banking said it selected the solution due to its real-time nature, whereby it constantly updates the risk values for new and existing trades.

ActivePivot is able to compress the risk data travelling through the network between the bank's different offices around the globe without compromising the speed or real-time nature of the information, Quartet FS said in a release. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio