Torstone buys Percentile for risk management on the cloud

By GlobalCapital
09 Apr 2019

Torstone Technology, a post-trade securities and derivatives processing technology provider, has agreed to acquire Percentile, a risk and compliance technology provider.

Torstone said the acquisition would enhance its risk and compliance offering. It comes amid rising demand from banks and brokers for technology solutions that enhance their operating performance, given an ever-evolving and generally tightening regulatory burden.

Having signed a definitive agreement to acquire the company, Torstone claimed Percentile’s ...

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