CompatibL is proud to announce its wins for Best Digital Transformation Solutions Provider and Fintech Person of the Year in this year’s Financial Technology Forum (FTF) News Technology Innovation Awards.

FTF News commented:

“Over the long two years, through hard work and perseverance our FTF Awards nominees have been able to maintain growth, launch new products, enhance existing products, meet unprecedented client care needs, and stay relevant during a time when in-person interactions came to a halt.

But technology has never stopped evolving. Financial organizations require new tools every year to be able to provide their clients with a better service. CompatibL delivered greatly on this need with their digital transformation solutions and machine learning models, solving some of the most pressing issues the financial industry is facing today.”

Igor Tsitavets, CompatibL’s President and CEO, said:

“We are honored to have won the Best Digital Transformation Solutions Provider Award. CompatibL has always been devoted to advanced technology research and product innovation, and this recognition illustrates our commitment to maintaining our position as one of the world’s most innovative and reputable providers of risk management solutions, and to delivering an impeccable service to all of our clients.”

Alexander Sokol, CompatibL’s Executive Chairman and Head of Quant Research, has been awarded the Fintech Person of the Year Award for his expertise and developments on a new class of machine learning risk models that can work with short pandemic-era historical time series. These models are uniquely accurate in measuring risk from short time series, while meeting the regulatory requirement of being free from subjective judgement.

Alexander said:

“The distinction of being ranked among the leading risk management software companies is something we are very proud of. CompatibL’s team and I devoted much time and effort to ultimately take machine learning from the academic arena to real-world application. This award emphasizes our dedicated work, which contributed greatly to a better understanding of risk during the pandemic and formed the vector for the development of the entire industry.”

About the FTF News Technology Innovation Awards

The annual FTF News Technology Innovation Awards program celebrates and recognizes the professionals, financial technology vendors, service providers, industry bodies, and regulators that have made significant strides and noteworthy achievements in operational excellence during the past year.

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