Crédit Agricole Corporate & Investment Bank (CACIB), a major player in the global banking sector, has launched a new market risk management platform developed by Opensee, a data analytics expert for the financial industry. This solution consolidates diverse data sets into one repository, previously dispersed across different systems, facilitating enhanced risk monitoring and analysis for CACIB’s Global Markets management.

Crédit Agricole CIB Integrates Opensee's Risk Management Platform

The integration of Opensee's platform marks a significant upgrade in risk management for CACIB's trading activities. With the new system, managers gain access to comprehensive tools that offer a consolidated view of risk exposures, allowing for a more effective and accurate oversight of market activities.

"This is a game-changer for the bank in terms of improving the speed, efficiency and governance of risk management," said Regis Benichou, the Head of Business Risk Advisory at CACIB.
“Greater data accuracy will minimise operational risk while managers will have quicker aggregated overviews for better oversight.”

Opensee's solution is designed to address the challenges of managing the increasing volume and complexity of financial data. Its platform boasts Python calculators for regulatory measures, AI-powered Data Quality Assistants, and features such as Data Versioning. These tools enable Front Office, Risk, and Finance officers to collaborate and adjust data in a controlled and auditable environment.

Plans for Further Expansion

Further expansion of the platform's utility is in the pipeline, with plans to tailor it to specific asset classes, which will benefit traders in FX options and non-linear interest rate derivatives in their everyday risk management tasks.

Stephane Rio, the Founder and CEO of Opensee, commented on the partnership and the tailored integration of their platform with CACIB, equipping the bank's team to harness their data's potential fully.

“Crédit Agricole CIB’s data divers are now fully equipped to embark on their data exploration journey with the freedom and flexibility to extract the value hidden in the depths of the bank’s data lakes,” Rio stated.

Opensee is a technology company that provides advanced data analytics solutions for financial institutions. Its platform enables users to perform self-service analytics on large datasets for applications like market risk management. Opensee was incubated at Societe Generale and is now used by major banks for risk management applications.