Matrix Applications and South Street Securities Join Hands with ZeroBeta for Risk Management Solutions


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Matrix Applications, a New York-based fintech service bureau, partnered with ZeroBeta Inc, a leading provider of cross-asset, real-time risk, collateral & market data management technology, to elevate its risk management capabilities in the capital markets.

Stephen Mellert, Head of Business Development at Matrix, commented, “Our partnership with ZeroBeta is a natural fit, aligning our respective strengths to deliver a holistic risk management solution. By leveraging ZeroBeta’s innovative technology and our extensive industry experience, we can offer our clients an integrated platform that addresses their evolving risk management requirements.”

By combining ZeroBeta’s BlueShift Platform with Matrix’s extensive suite of collateral management, margining, clearing and back-office systems, the partnership brings together unparalleled expertise and offers a comprehensive solution to tackle complex challenges faced by institutional firms.

Manjusha Tipre, Co-Founder and Board Member of ZeroBeta, shared, “This partnership will create a powerful FinOps SaaS offering for Matrix and its clients. It will provide fixed income institutional players with agile and nimble technology modernization under the secure and compliant operations of Matrix.”

The collaboration presents a unique opportunity to offer clients a seamless end-to-end solution that optimizes risk exposure across asset classes, enhances operational efficiency, minimizes counterparty risk and helps drive growth. Clients will gain access to a comprehensive suite of tools and functionalities that facilitate efficient trade processing, accurate risk assessment and streamlined collateral management.

Varuna Wijesundera, Co-Founder and CEO of ZeroBeta, shared, “We are thrilled to join forces with Matrix to deliver an unparalleled risk management solution. This partnership underscores the flexibility and unbeatable time to market of our BlueShift Platform. It signifies our shared commitment to driving innovation and providing a platform that helps clients navigate today’s volatile markets.”

Also Read: How Financial sector is Tapping into Multi-Cloud for Risk Management

Matrix’s affiliate broker dealer, South Street Securities LLC, experienced a seamless launch of the BlueShift Platform to enhance the firm’s risk monitoring capabilities in June.

“With ZeroBeta, we are entering a new era of risk strategy and monitoring,” shared Terence Ma, Chief Strategy Officer at South Street Securities.

ZeroBeta’s partnership with Matrix Applications and South Street Securities aims to establish a new industry standard, empowering institutional firms with cutting-edge risk management solutions and unrivaled support.

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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