Banque Internationale à Luxembourg (BIL), a pioneer in the Luxembourg financial industry has selected the Numerix CrossAsset analytics platform to support its model validation and model comparison processes. With Numerix’s highly flexible, fully transparent analytics architecture, BIL can conduct rigorous model analysis to independently validate pricing and risk sensitivity outputs, as well as make comparisons between different models to analyze how the outputs vary under different assumptions. “One of the objectives of our activity is validating the accuracy and the completeness of the models used in particular for pricing financial products. Numerix will be very helpful in achieving this objective and will allow us to improve our reactivity and efficiency,” said Cecile Lapoin

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