CubeLogic launches RiskCubed V12 with real-time AI-driven credit risk management

London, UK - CubeLogic, a leading provider of enterprise risk and compliance software for trading organizations in the energy and commodities sectors, has launched RiskCubed Version 12 (V12), a significant upgrade that introduces real-time, AI-driven credit risk management to the market. This latest version marks a pivotal shift in how credit risk is managed, offering clients a more efficient and dynamic platform.

The new version is built on modern cloud-native foundations, re-architecting the data storage, reporting, margining, and scaling capabilities of the RiskCubed platform. This update is particularly transformative for credit teams, who can now review exposure positions in real-time, without waiting for batch processing. Moreover, natural language reporting powered by AI allows credit teams to create reports simply by describing their needs, with each customer's AI isolated and optional.

"CubeLogic is excited to partner with our clients in developing the next generation platform for Energy Credit Risk. This new version is flexible, nimble, and allows risk and compliance officers to use AI co-pilots to enhance their risk management. This represents a systemic shift as CubeLogic leads the AI revolution in this space," said Ofir Gefen, Chief Executive Officer of CubeLogic.

Key features of RiskCubed V12 include: - A modern data foundation: RiskCubed now runs on the latest data lake technology, replacing the OLAP architecture that has been in place for over a decade. - Cloud-native, auto-scaling infrastructure: A fully containerized architecture that scales automatically as demand grows. - Natural language reporting, powered by AI: An AI language model built directly into the platform enables credit teams to interrogate their data and build reports by describing their needs in natural language. - Faster, more resilient margining: Margining now runs as its own capability, making calculations quicker and more consistent. - Deeper analytics: Continued investment in RiskCubed's analytics engine provides stronger insights across the business.

Benchmark testing has shown that RiskCubed can process one billion exposure records in as little as eight seconds, compared to the overnight runs of 200,000 to 300,000 records that can take up to four hours for CubeLogic's largest clients. CTRM Center, a commodity trading technology publication, described V12 as signaling "a new era for real-time credit risk infrastructure."

"CubeLogic is no longer the bottleneck for real-time credit risk; the limitations have moved to surrounding client systems. The performance model has flipped: the question is no longer whether RiskCubed can meet performance requirements, but how fast our clients want it to go," said Richard Winter, Chief Technology Officer of CubeLogic.

The development of RiskCubed V12 reflects direct feedback from the credit risk teams using the platform, including some of the largest and most operationally demanding trading organizations in the energy and commodities sector. V12 serves as a foundation, enabling several AI-enabled workflows to be built on top of it, marking the beginning of a new era in credit risk management.

About CubeLogic CubeLogic is the leading provider of enterprise risk and compliance solutions for the global energy and commodity markets. Offering a range of services from onboarding and credit risk to regulatory compliance and trade surveillance, CubeLogic helps businesses make smarter, faster, and more confident decisions.

SOURCE: CubeLogic