ActiveViam partners with Tonic for transformation and implementation
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ActiveViam partners with Tonic for transformation and implementation 14 July 2023UK Reporter: Jamie Richards
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The company says the partnership will address growing demand for decision-making solutions in the financial services sector.
ActiveViam will add Tonic’s transformation and data practitioners to its team in an effort to improve solution delivery.
Additionally, the firm seeks to combine its analytics knowledge with Tonic’s experience in collateral management, post-trade, inventory management, market risk and x-value adjustment.
Capital markets consultancy Tonic was founded in 2018. It specialises in transformation and front-to-back trade.
Kathy Perrotte, CEO and founder at ActiveViam, says: “ActiveViam’s robust and flexible risk analytics platform and Tonic’s focus on transformation programmes and systems implementation provide the right combination of proven technology and outstanding support to any financial institutions wishing to implement best practices in areas such as collateral management, inventory analytics, credit and market risk.”
Chris Watts, CEO and co-founder of Tonic, adds: “We [have established a partnership] with ActiveViam to help accelerate and optimise the delivery of its technology solutions to its growing client base. We have strong crossover in both our domain coverage and market vision.”
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