BBVA looks to grow quantitative business with ALPIMA platform

The ALPIMA platform will be delivered on a white-label basis and will be tailored to meet the specific needs of BBVA.

BBVA has implemented a software as a service (SaaS) platform from FinTech firm ALPIMA to scale up its quantitative investment solutions business division. 

The Spanish bank will use the cloud-based platform on a white label basis for investment strategy design, portfolio construction, money management and clients services.

ALPIMA’s system uses data science and technology to help banks, asset management firms, and wealth management firms globally build investment strategies. Its clients include private banking group Julius Baer, Bluebay Asset Management and Fidelity.

“[ALPIMA’s] modular platform offers the flexibility and power required to create differentiated investment strategies and provide the service we want to offer our clients in this competitive and fast-moving market,” said Pablo Suarez, head of quantitative investment solutions business at BBVA. “This is a step forward on the path towards the strategic transformation of our global equities business.”

The BBVA deal follows ALPIMA’s appointment of former RBS and DWS Group executive, Karen Tierney, in March, to head up its product development and drive the firm’s strategy and product build up. 

ALPIMA creates tailored investment solutions for firms in partnership with Amazon Web Services (AWS), CloudBees, Docker and Redhat.

In December, the technology provider launched an enhanced version of its Notebooks investment strategy design and implementation platform, Notebooks 2.0. The latest version supports rapid prototyping, strategy design and custom indexing.