ActiveViam, a data analytics solution for the finance and retail markets, has closed an undisclosed investment from Guidepost Growth Equity.
The company was founded in 2005 and this investment marks its first outside funding.
Its fresh line of equity will be used to extend its position within the financial and retail markets, it said.
The RegTech aggregates masses of disparate data and delivers real-time operational analytics and data visualisation to improve decision making. Banks, asset managers, hedge funds, exchanges, and other financial service providers leverage ActiveViam to improve capital deployment, risk management, trading performance, and compliance procedures.
Users can gain support with market, liquidity, and credit risk and meet FRTB, Dodd-Frank, and Basel compliance. Its platform supports alerts, monitoring, what-if scenarios, stress testing, and complex aggregation, to meet the various compliance requirements.
Risk managers can use the operational analytics to gain a holistic view on risk parameters on all trading systems and risk classes they have.
Clients of ActiveViam include HSBC, ING, Nomura, Société Générale, Freddie Mac, and the CME.
ActiveViam co-founder and managing director Allen Whipple said, “We founded ActiveViam to offer our customers the ability to conduct timely decision-making over fast-moving data where existing systems had failed to address these needs.
“Financial services and retail organizations require actionable intelligence from rapidly changing operational data in real-time and we continue to innovate ActivePivot, our in-memory analytical platform and additional business applications to address these demands. Guidepost will help us accelerate these initiatives.”
In line with the deal, Guidepost Growth Equity managing partner Russ Pyle and principal Gene Nogi will join the ActiveViam board of directors.
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