Bred Banque Populaire picks Quantifi for market risk upgrade

Bred Banque Populaire has chosen Quantifi to provide market risk technology for a programme to update the French bank’s risk systems, Quantifi said. The engagement covers end-of-day risk calculations and reporting across fixed income, rates, credit, equities, foreign exchange and inflation products, with financial terms not disclosed in the announcement.

Quantifi said Bred Banque Populaire, a French retail and commercial bank, wanted to move away from older infrastructure and adopt one framework for market risk across asset classes. The bank required a platform that could support consistent reporting while meeting governance, model transparency and control requirements in a regulated European banking setting, according to Quantifi.

Market risk systems help banks measure potential losses or changes in portfolio value arising from movements in rates, credit spreads, equity prices, currencies and other market variables. In daily operations, the technology must bring together position data, valuation models and risk methodologies so risk teams can produce comparable measures and reports across products that may otherwise sit in separate systems.

Quantifi said its cross-asset coverage, modelling approach and Python application programming interface were factors in the selection. The vendor said the platform gives risk teams visibility into the methods used to calculate risk, allowing internal teams to review models and adapt their framework in line with governance and regulatory expectations.

The implementation will be deployed on premises and connected to Bred Banque Populaire’s existing technology environment, Quantifi said. The company described the project as an enterprise replacement within a regulated bank, with its architecture intended to align with the bank’s information technology, audit and operational requirements.

Marc-Olivier Brenaud, head of risk at Bred Banque Populaire, said the bank selected Quantifi for the breadth of its market risk coverage and the strength of its architecture. “We required a platform capable of supporting cross-asset risk within a single, consistent framework, while providing full transparency into models and methodologies,” Brenaud said. “Quantifi’s explainable analytics and flexible Python toolkit give our team greater autonomy, strengthen our governance and control processes.”

Rohan Douglas, chief executive of Quantifi, said European banks are reviewing older risk systems. He said the Bred Banque Populaire engagement shows Quantifi’s ability to provide cross-asset market risk in a common framework, combining modelling depth, architecture and implementation discipline.

The announcement places the project within a wider focus among banks on replacing fragmented risk technology with platforms that can support multiple asset classes under consistent controls. Quantifi said its system is designed to provide a scalable base for institutions seeking to strengthen risk management capabilities over the longer term.

This story draws on original reporting from Finextra Research.