Customers
The people who sign the filings
41 institutions in 14 countries run our engines. They are banks, insurers, manufacturers, laboratories and a supervisor, and each of them has to explain a number to someone who has no reason to trust it.
Customers
Who runs it
Banks, insurers, vehicle makers and laboratories that have put an engine in front of their own auditors. Seven have written up what changed.
- Major UK bank SIMM, FRTB-SA Case study
- Major Swiss reinsurer Solvency II, ICS, Reserving and ESG Case study
- Major EU vehicle manufacturer WLTP Case study
- Major EU bank FRTB-SA, SA-CVA Case study
- US cryptographic module vendor Entropy validation, PQC Case study
- Mid-size EU asset manager PRIIPs Case study
- EU life insurer Solvency II, Reserving and ESG
- UK environmental consultancy AERMOD Case study
- EU clearing member SIMM
- Canadian validation laboratory Entropy validation
- UK insurer Reserving and ESG, Solvency II, PRIIPs
- Major EU asset manager PRIIPs, SA-CVA
- EU pension fund Reserving and ESG
- EU insurer Solvency II, ICS
- EU energy utility AERMOD
12 sectors, across all 41
- Global banks
- Regional banks
- Clearing members
- Life insurers
- Reinsurers
- Asset managers
- Pension funds
- Vehicle manufacturers
- Environmental consultancies
- Energy utilities
- Module vendors
- Validation laboratories
Case studies
What changes when a number can be shown
Each study is written with the customer and says what the figures were before. Where a figure is a count of something that did not happen, it says what was counted.
- Major UK bank SIMM, FRTB-SA 5.8 h Median time to settle a margin dispute, from 4.2 days A margin dispute that took four days now takes an afternoon Read the study
- Major Swiss reinsurer Solvency II, ICS, Reserving and ESG 4 days To close the group capital run, from 9 days Quarter-end, reproduced on any machine Read the study
- Major EU vehicle manufacturer WLTP 9,412 Individual vehicle CO₂ figures in a type-approval update Every option combination, its own CO₂ figure Read the study
- Major EU bank FRTB-SA, SA-CVA 42 Desks with an exact share of the capital charge Desk heads argue about positions, not about the model Read the study
- UK environmental consultancy AERMOD 214 Permit scenarios rerun overnight when the meteorological data changed A permit model that stands up at inquiry Read the study
- Mid-size EU asset manager PRIIPs 1,946 Share-class documents refreshed each quarter 1,946 key information documents, with the arithmetic shown Read the study
- US cryptographic module vendor Entropy validation, PQC 0 Digits of difference from the laboratory’s estimator output Agreeing with the laboratory to the last digit Read the study
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Yours could be next.
We write each study with the customer, and they approve every figure before it is published.
Speak to a customer
In their words
When a counterparty’s number differs from ours, we no longer argue about whose model is right. We open the same file and the difference is already ranked by line.
Rerunning last quarter bit for bit used to take a week and three people. Now it is one command and a hash that matches.
Deputy Group Chief Actuary Major Swiss reinsurer Every option combination gets its own CO₂ figure, and the technical service can trace each one to the test it came from.
Head of Homologation Major EU vehicle manufacturer Desk heads used to ask what the model was doing to them. Now they ask what their positions are doing to the model, which is the right question.
Head of Capital Management Major EU bank The estimator output matched the validation lab to the last digit. We stopped arguing about whose tool was right.
Principal Security Architect US cryptographic module vendor Distributors used to query our risk indicators every quarter. Now we send them the receipt, and the query is closed before it is opened.
Head of Product Governance Mid-size EU asset manager At the inquiry, the other side’s expert asked us to change a stack height. We changed it and ran the model in the room. Nobody there had seen that done.
Partner, Air Quality UK environmental consultancy The first time it showed us a line-by-line difference with a prime broker, the call was settled in ten minutes. I assumed that was a coincidence. It was not.
Head of Margin Operations EU clearing member We run it beside our own tools on every submission. In three years it has not disagreed with us once without the fault being ours.
Head of Validation Canadian validation laboratory
Who each product is for
Teams, by regime
The people who use an engine are rarely the people who buy it. Each row names the teams that we build the product for, so that you can check whether yours is one of them.
| Product | Built for |
|---|---|
| Market risk and margin | |
| SIMM |
|
| FRTB-SA |
|
| SA-CVA |
|
| Insurance and reinsurance | |
| Reserving and ESG |
|
| Solvency II |
|
| ICS |
|
| Investor disclosure | |
| PRIIPs |
|
| Environment and mobility | |
| AERMOD |
|
| WLTP |
|
| Cryptographic assurance | |
| Entropy validation |
|
| PQC |
|
References
Talk to someone who runs it
A page of case studies shows what went well. A call with a customer shows what it was like. We would rather put you in touch with someone who runs what you plan to run.
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You say what you plan to run
Tell us the regime, the size of your book and the systems around it. Write to us, and the form opens on a customer to speak to.
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We ask the customer
We ask one or two customers whose set-up looks like yours. They decide whether to speak, and we do not press them.
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You speak without us
The call is between you and them. We are not on it, and we do not ask afterwards what was said.