Beacon Platform, the all-in-one developer platform for capital markets announced a partnership with ActiveViam, a leading provider of advanced analytics and decision-making solutions for the global financial sector. Enabled through the Beacon App Store, this collaboration will provide market participants with the benefits of Beacon’s open and collaborative development platform and ActiveViam’s highly scalable capital markets analytics engine to reveal greater insights and enable state-of-the-art risk management on large, complex trading books.
Read More : Beacon is a trading, risk management, and development platform that enables capital markets firms to increase the transparency and efficiency of their operations. The company’s cloud-native platform includes configurable financial instrument definitions, cross-asset risk and reporting applications, and a broad range of integration points.
ActiveViam’s flagship product, Atoti, represents a breakthrough in analytics technology, specifically designed to address the most complex data analytics challenges faced by financial services organizations. Atoti empowers teams to perform intricate, interactive analysis of multi-dimensional calculations on vast datasets, including rapidly changing data crucial for mission-critical decision-making. This partnership will extend to co-development efforts, encompassing both applications and research and development initiatives.
With Beacon’s App Store integration of Atoti, clients will be able to set up the Atoti data analytics server in Beacon and use Beacon as an orchestration platform to feed trade- and portfolio-level analytics into the Atoti aggregation engine. These can then be hydrated with data to create real-time risk cubes and visualization dashboards. This combination allows clients of both Beacon and ActiveViam to derive high value insights for the trading and risk management teams.
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“Integrating ActiveViam’s advanced data-analytics with Beacon’s extensible risk and trading platform and secure scalable cloud compute opens up multiple dimensions for research, trading, scenario analysis and risk management. Beacon’s open architecture and partner ecosystem enables clients to rapidly capture new market opportunities in capital markets and I’m really excited about the opportunity to partner with ActiveViam,” said Kirat Singh, CEO and Co-Founder of Beacon Platform.
“By integrating ActiveViam’s powerful Atoti analytics engine into Beacon’s open and collaborative development platform, we aim to empower financial institutions with unparalleled capabilities for real-time data analytics. This collaboration further solidifies our leadership position in addressing the complex challenges faced by the financial sector, enabling our clients to make informed decisions, manage risks, and derive meaningful insights from vast and dynamic datasets,” said Kathy Perrotte, CEO and co-founder of ActiveViam.
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