ZUG, SWITZERLAND – August 7, 2024 – Evalueserve, a leading global provider of technology-enhanced managed services in Model Risk Management and Index and Quant Solutions, is proud to announce its inclusion in Chartis Research’s prestigious 2024 QuantTech50 rankings.
The QuantTech50, previously known as the Storm50, acknowledges the top 50 vendors in the financial services industry who have shown outstanding innovation in their services and the application of advanced quantitative technologies. Evaluation criteria include various attributes such as the scope and impact of analytics, industry influence, computational infrastructure, strategic vision, and overall innovation.
The 2024 report highlights several key trends:
– Retail Market: Facing the most technological disruption, retail institutions are leveraging increased computational power to utilize sophisticated tools capable of machine learning, AI, generative AI, and other advanced statistical methods.
– Wholesale Market: The wholesale business is experiencing less structural change because its models require less computational power. These models often have long lifecycles or face methodological challenges, such as calculating the probabilities of default (PDs) and loss-given defaults (LGDs).
Anna Slodka-Turner, Global Leader of Risk and Quant Solutions at Evalueserve, stated, “As the technology landscape evolves quickly, clients are using increasingly sophisticated models and facing more complex challenges. Inclusion in Chartis’s QuanTech50 affirms our dedication to innovating with clients and delivering effective solutions across model types and domains. Our approach utilizes mainstream modelling tools alongside bespoke automations and accelerators to enhance speed and accuracy.”
About Evalueserve
Evalueserve is a global leader in providing technology-enhanced managed services to clients in the financial services industry. The company offers innovative and sustainable solutions, serving over 60 of the world’s largest financial institutions. With a presence in more than 45 countries across five continents, Evalueserve leverages state-of-the-art technology, domain-specific AI solutions, and deep subject matter expertise to enhance its clients’ strategic decision-making and business impact.
Contact us
For interview requests and any other information, please contact Andrada Cioflica at marketing@evalueserve.com.
