The risk and compliance management solution of Percentile becomes part of Torstone’s broad post-trade platform Inferno.
According to Torstone, the acquisition of Percentile means that Torstone ”is now able to provide a full-service, cross-asset, global post-trade offering, including risk and compliance, providing the best possible services and solutions to a new expanded client base”.
Both companies are based in Britain. Percentile’s prime product is the Riskmine platform, targeting invesment banks and investment managers.
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“Continues to innovate”
“Percentile continues to innovate and help global financial firms meet the ever-growing demand for more granular, frequent and insightful risk analysis,” says Percentile CEO Anthony Pereira, quoted in the press release.