May 26, 2022- ElysianNxt has been awarded ‘Best Solution for Stress Testing’ at the 2022 RegTech Insight Awards Europe.
The RegTech Insight Award Europe celebrate innovative projects and teams across the vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions.
The .NXT platform was designed to process large and complex calculations almost instantaneously, as opposed to legacy platforms which could take hours if not days. The quick implementation and scalability of the solution helps to make it a more cost-effective stress-testing solution.
“If one could predict the future, there would be no need for stress test capabilities. So, for those CROs without a crystal ball, there is ElysianNxt. The fastest integrated risk platform allowing stress tests against any variable you might want to consider. Thanks, RegTech insight for the recognition..”
– Chris Puype, CEO & Founder ElysianNxt
In addition to meeting and exceeding current regulatory requirements, the .NXT solution also employs a future-proof technology approach. By using a distributed microservices architecture compared to a traditional central-database design, the solution can quickly exchange large quantities of information in near-real-time. Using cloud technology it can also adapt to a multitude of technology systems and servers.
“Congratulations ElysianNxt for winning this year’s RegTech Insight Award Europe for Best Solution for Stress Testing. This year’s RegTech Insight Europe awards have been extremely popular and competitive, highlighting established solution providers and innovative newcomers that help capital markets participants respond effectively and efficiently to evolving and ever more complex regulatory requirements across the global financial services industry.”
– Angela Wilbraham, CEO of the A-Team Group
The RegTech Insight Europe Awards 2022 were presented on Thursday, 26 May 2022. If you would like to know more about our Stress-testing offering please contact us here.