VANCOUVER, British Columbia and DUBLIN, April 26, 2013 /PRNewswire/ -- FINCAD, the leading provider of OTC derivatives pricing and risk solutions, is proud to announce that it has been selected as a finalist for the BC Technology Industry Association (BCTIA) 2013 Technology Impact Award for Excellence in Product Innovation. Reviewing companies and products from a wide range of technologies and markets, BCTIA's Technology Impact Awards celebrate the achievements of BC's technology industry.
Awarded to F3, FINCAD's enterprise analytics platform, this award recognizes innovation and 'next-stage' development in a technology that has the ability to dramatically impact or change the market. Products are evaluated on four criteria; product innovation and originality, differentiation, commercialization success and value proposition. A generic enterprise analytics platform with the flexibility to price virtually any financial instrument, F3 meets these requirements by responding to market trends towards a heighted focus on real-time risk measurement, narrowing margins, and tighter regulations; all of which require an unprecedented degree of transparency and accuracy. F3 has also previously been recognized for innovation by Risk Magazine and Futures and Options World (FOW).
"I'm immensely proud that FINCAD has been recognized in the area of innovation. According to our annual 2013 buy-side and sell-side surveys of market participants, the biggest challenges with respect to OTC derivatives independent valuation, accurate and rapid risk assessment and regulatory compliance," says Bob Park, President and CEO, FINCAD. "F3's inherent flexibility and transparency meet these challenges head on. We are excited that BCTIA is acknowledging FINCAD's innovative approach, and has recognized that F3 has the ability to dramatically impact the market. It's a game changer."
The BCTIA 2013 Technology Impact Award winners will formally be announced on June 6th 2013 at the TIAs Awards Dinner at the Vancouver Convention Centre.
About the BCTIA
The BC Technology Industry Association (BCTIA) is a not-for-profit organization that supports technology companies in British Columbia. Our network spans across the province and includes technology and professional services companies of all sizes and from every sector.
Our programs and services connect people, generate new ideas, and help companies grow. These include the Technology Impact Awards (TIAs), where excellence in innovation is celebrated, Peer2Peer groups, where members connect to learn, and Centre4Growth, where tech entrepreneurs connect with seasoned coaches to help guide them to the next level. http://www.bctia.org
BCTIA Media Contact
Cindy Pearson, COO
Direct: +1 604 602 5234
Founded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB, as a Software-as-a-Service or embedded into an existing system through software development kits. Now, over 70 FINCAD Alliance Partners embed FINCAD Analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland, and Vancouver, Canada. http://www.fincad.com
Direct: +1 778 999 8562