BMO Harnesses AI Technology for Capital Markets Structured Note Pricing and Scenario Analysis
BMO Harnesses AI Technology for Capital Markets Structured Note Pricing and Scenario Analysis
BMO working with Riskfuel Analytics to help clients make faster, better investment decisionsSuccessful pilot leveraged deep learning and fast neural nets to speed up valuation and pricing process
蒙特利尔银行与RiskFuel Analytics合作,帮助客户做出更快、更好的投资决策成功的试点利用深度学习和快速神经网络来加快估值和定价过程
TORONTO,Sept. 2, 2021/PRNewswire/ - BMO Financial Group (TSX: BMO) (NYSE: BMO) and Riskfuel Analytics aToronto-based start-up, today announced a partnership to develop models for pricing and scenario analysis of structured derivatives transactions. This comes following a successful pilot project, which saw quantitative researchers from both firms develop a solution to speed up valuation of autocallable notes which previously presented significant runtime challenges when priced using traditional valuation methodologies.
多伦多,9月2021年2月2日/美通社/-蒙特利尔银行金融集团(多伦多证券交易所股票代码:BMO)(纽约证券交易所:蒙特利尔银行)和总部位于多伦多的初创公司RiskFuel Analytics今天宣布建立合作伙伴关系,共同开发结构性衍生品交易的定价和情景分析模型。在此之前,两家公司的量化研究人员都开发了一个成功的试点项目,开发了一种解决方案,以加快可自动赎回票据的估值,此前使用传统估值方法定价时,可自动赎回票据在运行时面临巨大挑战。
"Structured notes are traditionally priced using slow numerical techniques that simulate an extremely large number of possible future states of the financial markets," saidRyan Ferguson, founder and CEO of Riskfuel. "Riskfuel uses Deep Learning to replace these slow simulators with very fast neural nets. We are excited to be working with BMO on making production-ready versions of such models."
RiskFuel创始人兼首席执行官瑞安·弗格森(Ryan Ferguson)表示:“结构性票据传统上是使用缓慢的数字技术定价的,这种技术模拟了金融市场未来可能出现的大量状态。”“RiskFuel使用深度学习技术,用非常快的神经网络取代这些速度很慢的模拟器。我们很高兴能与蒙特利尔银行合作,为这类模型制造可投入生产的版本。”
As an early adopter of this technology for front office pricing, BMO's partnership with Riskfuel Analytics adds to its track record as an innovator in Capital Markets, employing AI to improve the client experience and operational efficiency simultaneously. Working with Riskfuel will reduce reliance on slow and expensive financial models to calculate pricing and risks of structured products.
作为前台定价技术的早期采用者,蒙特利尔银行与RiskFuel Analytics的合作伙伴关系增加了其作为资本市场创新者的记录,利用人工智能同时改善客户体验和运营效率。与RiskFuel合作将减少对缓慢而昂贵的财务模型的依赖,以计算结构性产品的定价和风险。
"Riskfuel has delivered a cutting-edge proof of concept that promises the most significant step forward in quantitative finance in a generation. Removing the runtime hurdle opens the door for significant advancements in accuracy and realism of structured notes pricing models," saidGraham Wells, Managing Director and Head of Equity Quantitative Modeling in Global Markets Engineering, BMO Financial Group.
蒙特利尔银行金融集团(BMO Financial Group)全球市场工程部董事总经理兼股权量化建模负责人格雷厄姆·韦尔斯(Graham Wells)说:“RiskFuel提供了尖端的概念证明,有望在一代人的时间内向量化金融领域迈出最重要的一步。消除运行时障碍,为结构性票据定价模型的准确性和现实性的重大进步打开了大门,”蒙特利尔银行金融集团(BMO Financial Group)全球市场工程部董事总经理兼股权定量建模主管格雷厄姆·韦尔斯(Graham Wells)说。
"Riskfuel's leading tools and expertise will help us expand our client base, drive higher trade flows, generate new risk insights and lead to better product design and selection. This partnership is enabling us to assist our clients with more complex hedging strategies and, with accelerated pricing and analysis, help our clients make faster, smarter investment decisions," saidLucas Caliri, Managing Director and Head of Cross Asset Solutions, BMO Financial Group.
蒙特利尔银行金融集团董事总经理兼交叉资产解决方案负责人卢卡斯·卡里里说:“RiskFuel的领先工具和专业知识将帮助我们扩大客户基础,推动更高的贸易流量,产生新的风险洞察力,并带来更好的产品设计和选择。这种伙伴关系使我们能够帮助我们的客户制定更复杂的对冲策略,并通过加速定价和分析,帮助我们的客户做出更快、更明智的投资决策。”
BMO continues to make bold moves to drive its digital first transformation, relentlessly innovating across its entire business -- from product, service, and platform design, to ensuring a scalable agile foundation across the bank, to developing solutions that meet client needs. This includes the dramatic acceleration of self-service, creating common cross channel experiences, the elimination of manual processes and a strong focus on technology in all our businesses, including BMO Capital Markets. BMO Capital Markets' 2020 acquisition of Clearpool, aNew York-based electronic trading platform, has established BMO as a leader in electronic trading.
蒙特利尔银行继续采取大胆举措,推动其数字优先转型,在其整个业务中坚持不懈地创新--从产品、服务和平台设计,到确保整个银行有一个可扩展的敏捷基础,再到开发满足客户需求的解决方案。这包括大幅加快自助服务,创造共同的跨渠道体验,消除人工流程,并在我们的所有业务(包括蒙特利尔银行资本市场)中大力关注技术。蒙特利尔银行资本市场(BMO Capital Markets)2020年收购了总部位于纽约的电子交易平台Clearpool,确立了BMO在电子交易领域的领先地位。
About Riskfuel
关于RiskFuel
Riskfuel builds AI solutions to accelerate valuation and risk sensitivity calculations. Founded in 2019 by capital markets experts, the company provides valuation solutions to banks and insurance companies inNorth AmericaandEuropewith use cases covering XVA, Risk, and Front Office analytics. For more information about Riskfuel, clickhere.
RiskFuel构建人工智能解决方案,以加快估值和风险敏感度计算。该公司由资本市场专家于2019年创立,为北美和欧洲的银行和保险公司提供估值解决方案,使用案例涵盖XVA、风险和前台分析。有关RiskFuel的更多信息,请单击此处。
About BMO Financial Group
关于蒙特利尔银行金融集团
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $971 billion as of July 31, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
蒙特利尔银行为客户服务了200年,而且还在继续增长,是一家高度多元化的金融服务提供商-按资产计算是北美第八大银行。截至2021年7月31日,蒙特利尔银行的总资产为9710亿美元,拥有一支多元化和高度敬业的员工团队,为1200多万客户提供广泛的个人和商业银行、财富管理和投资银行产品和服务,并通过三个运营集团开展业务:个人和商业银行、蒙特利尔银行财富管理和蒙特利尔银行资本市场。
View original content:https://www.prnewswire.com/news-releases/bmo-harnesses-ai-technology-for-capital-markets-structured-note-pricing-and-scenario-analysis-301368132.html
查看原始content:https://www.prnewswire.com/news-releases/bmo-harnesses-ai-technology-for-capital-markets-structured-note-pricing-and-scenario-analysis-301368132.html
SOURCE BMO Financial Group
来源:蒙特利尔银行金融集团