Bred Banque Populaire selects Quantifi for market risk

Bred Banque Populaire has selected Quantifi to provide market risk software and analytics. The bank plans to integrate Quantifi’s risk platform into its risk infrastructure to quantify, monitor and report exposures from trading and treasury activities.

The arrangement, announced by both companies, covers implementation of Quantifi’s risk engine and integration with Bred’s front-office and risk systems. Work will be carried out from the bank’s operations in France. Neither party disclosed contract value or a specific rollout timetable.

Quantifi’s tools will be used to calculate risk metrics such as value-at-risk and sensitivity measures, run scenario and stress tests, and generate regulatory and internal reports. The supplier’s services include model implementation, data integration and reporting functionality that feed into risk governance processes.

Bank officials framed the project as part of an update to technical capabilities that support daily risk oversight and statutory reporting. Quantifi will collaborate with Bred’s risk and IT teams to align models, data feeds and governance processes as the platform is brought into production.

Bred Banque Populaire is a member of the BPCE group and operates retail, corporate and institutional banking businesses in France and overseas. The bank has been updating its technology stack in recent years to address regulatory requirements and to centralize controls over market and liquidity risk.