Analytics and decision-making solutions provider ActiveViam and capital markets consultancy Tonic Consultancy have forged a collaboration to bring innovation and efficiency to risk management in financial firms.

Through the partnership, the parties aim to expedite and optimise the delivery of new solutions to financial institutions across the UK, Europe, and the US.

As part of the collaboration, Tonic Consultancy will serve as a transformation and implementation partner, complementing ActiveViam’s team with experienced transformation and data practitioners. This is expected to help customers speed up the optimal definition and execution of their solutions.

The partnership will leverage the expertise of both companies by combining ActiveViam’s technology with Tonic’s implementation service to fulfill the increasing demand for analytics and decision-making solutions in the financial industry.

Formed in 2018, Tonic Consultancy specialises in complex and large-scale transformation programmes across a set of high-growth domains.

Its expertise across post-trade, collateral management, inventory management, market risk and XVA, and deep transformation and data expertise in vendor selection, vendor target operating models, and implementations are expected to be leveraged by the partnership.

Tonic Consultancy CEO and co-founder Chris Watts said: “We’re delighted to partner with ActiveViam to help accelerate and optimize the delivery of its technology solutions to its growing client base.

“We have strong crossover in both our domain coverage and market vision. We look forward to a long-term partnership which combines the transformation and domain expertise of Tonic with the technology expertise of ActiveViam to the benefit of ActiveViam’s customers.”

ActiveViam offers a fully flexible data aggregation and analytics platform for financial institutions.

The firm utilises high-performance analytics in finance to help investment banks, asset managers, and hedge funds make better decisions.

ActiveViam CEO and founder Kathy Perrotte said: “ActiveViam’s robust and flexible risk analytics platform and Tonic’s focus on transformation programmes and systems implementation provide the right combination of proven technology and outstanding support to any financial institutions wishing to implement best practices in areas such as collateral management, inventory analytics, credit and market risk.”