Asset Management Units Will Leverage Everysk for Market Risk on Hundreds of Institutional Portfolios Daily.
Everysk Technologies, Inc. — an investment technology company providing multi-asset portfolio analytics with data-centric, machine learning techniques — announced today that it has been selected by XP Inc. (Nasdaq: XP), a leading technology-driven financial services platform and trusted provider of low-fee financial products and services, to provide automated portfolio risk monitoring technology to XP’s institutional asset management business.
Everysk Portfolio Risk & Automation enables asset managers to instantly establish robust investment risk processes by tapping into Everysk’s expertise and technology. Asset managers can identify and mitigate potential investment risks earlier and more accurately with active risk monitoring and alerts through Everysk’s no code automation platform. Everysk provides portfolio and risk analytics for multi-asset, multi-currency portfolios across 90 exchanges, 200,000 global equities, 40 currencies, government and corporate bonds, derivatives, and private assets.
“Part of XP’s commitment to the highest level of innovation in portfolio management”
Everysk technology will be leveraged by XP across multiple asset management units and hundreds of portfolios daily, the companies said.
“XP takes pride in being a market-leading, technology-focused financial services platform and we are excited to be working with the Everysk for solutions in risk management and beyond as part of XP’s commitment to the highest level of innovation in portfolio management,” said Bruno Fonseca, XP Partner, Head of Risk and Capital Management. “XP’s clients will benefit greatly from the integration of Everysk’s market leading risk monitoring technology, while allowing XP to identify and mitigate investment risks even quicker and more accurately.”
“XP is a tremendous success story and we are honored that they have selected Everysk to further strengthen their processes in risk management, data management, regulatory requirements, and other critical tasks,” said Allan Brik, PhD, Chief Executive Officer of Everysk. “Everysk’s state-of-the art technology and analytics will help give XP significant market advantages.”
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About XP Inc.
XP Inc. is a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by:
● Educating new classes of investors;
● Democratizing access to a wider range of financial services;
● Developing new financial products and technology applications to empower clients; and
● Providing high-quality customer service and client experience in the industry in Brazil.
XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 600 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.
About Everysk Technologies, Inc.
Everysk is an investment technology company that specializes in the automation of front office tasks which help portfolio managers quickly model the risk and outcomes for a variety of trading scenarios; build robust, customized reports; and receive timely alerts when a portfolio’s risk deviates from given ranges. The platform has been designed from the ground up for efficiency, ease of use, and flexibility. Founded in 2016, Everysk’s clients include global hedge funds, CTAs, family offices, brokerages, online portfolio platforms, and sophisticated wealth managers.
With a team built from market leading hedge funds and analytics providers, Everysk has a deep knowledge of capital markets securities and extensive experience building commercial grade technology. Founding executives have designed institutional portfolio systems to control/monitor $14 billion invested in hedge funds, and traded and managed the risk of fixed income, currency, and commodity portfolios at Goldman Sachs and Merrill Lynch. More at www.everysk.com