Numerix strikes Hundsun deal as China pushes domestic tech
The homegrown tech initiative—‘Xinchuang’—is a new challenge for foreign vendors.
Tech vendor Numerix has announced a tie-up with China’s Hundsun Technologies in a deal that aims to give China’s banks, hedge funds, and asset managers access to new derivatives pricing and risk management tools.
Under the partnership, Hundsun Technologies will integrate Numerix’s pricing and risk analysis engine, used by many of the world’s largest financial institutions, with its own banking and asset management platforms.
The move is the latest example of a major fintech vendor seeking to tap
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