Beacon Wins 2019 Risk.net Market Technology Awards
Updated: Sep 27, 2019
Risk.Net Market Technology Awards Names Beacon Platform Market Risk Management Product of the Year and Pricing and Analytics Solution of the Year: Structured Products / Cross-Asset. Awards mark the third year in a row that Beacon has received recognition from Risk.net
Beacon Platform, Inc., a global financial technology company, has been awarded Market Risk Management Product of the Year and Pricing & Analytics: Structured Products/Cross-Asset Solution of the Year at the 2019 Market Technology Awards, hosted by Risk.net.
Risk.net’s panel of experts selected Beacon’s Market Risk Management solution for its unique value proposition of empowering clients through its flexible, transparent, and integrated platform. In addition to providing a complete suite of standard reports out of the box, including intraday and real-time (Greeks, VaR, PNL Aggregated and Explained, XVA, and others), Beacon gives its clients a full developer platform so that clients can go beyond customization around the edges. With Beacon, clients have the full technology stack and can configure the optimal solution for their needs by leveraging Beacon’s source code, deal model, and financial engineering logic.
Winning the award for Pricing & analytics: Structured products/cross-asset Solution of the Year for the second year in a row, Beacon continues to demonstrate its best-in-class capabilities for meeting our clients’ complex and evolving needs. With its “single source of truth” data foundation and full transparency into all calculations, Beacon guarantees seamless integration between front and middle office, facilitating our clients’ preparedness for regulations such as FRTB. And with its integrated elastic cloud compute infrastructure services, Beacon makes pricing, analytics, and risk management fast and cost effective.
In addition to receiving Risk.net Market Technology Awards in 2018 and 2019, Beacon received the 2017 Risk Award for FinTech Startup of the Year.
"We'd like to thank Risk.net for recognizing Beacon for the third year in a row. What's most exciting for us is the recognition that our technology is helping our clients accomplish amazing things. It’s not just about leveraging the cloud, fast implementation, and reducing the time to market for new ideas. It's about seeing improved collaboration across entire teams and departments that truly inspired us to do our best work. We're looking forward to continuing to drive change in our industry and create value for our clients,” said Kirat Singh, CEO of Beacon Platform Inc.
Beacon Platform, Inc. is a financial technology company offering the only vendor solution for a cloud-based, end-to-end development and production platform, which can meet the stringent security requirements of leading financial institutions. With Beacon's open architecture, transparent source code, and automated infrastructure solutions, clients who license Beacon can build in-house functionality on a platform that has been proven at some of the largest financial institutions in the world. Beacon gives financial and quantitative developers the tools they need so that they can focus on the business rather than the plumbing and process. And for business users, Beacon delivers fully integrated applications for analytics, pricing, risk management, and more. Beacon was founded in 2014 by the senior technologists who worked with SecDB at Goldman Sachs and created Athena at JP Morgan and Quartz at Bank of America Merrill Lynch. Beacon has over 70 employees with offices in New York, London, Berlin, and Tokyo.