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.
“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.