An internationally focused credit analysis company founded by ex Standard & Poor’s executives has launched, and is to bring 50 financial and technology-related jobs over the next five years to Cork.
Supported by Enterprise Ireland, Rockboro Analytics will provide expert credit assessment solutions for banks, insurers, investment managers and corporations globally.
The company’s main focus is on providing mission-critical credit risk assessment solutions to help credit-sensitive organisations make informed decisions on originating, measuring, monitoring and managing credit risk arising from their day-to-day business activities, particularly in low default or ‘hard-to-rate’ sectors.
Rockboro will also work with consultants, data providers and IT firms to assist them with creating a competitive advantage in credit, Basel II and Solvency II consultancy.
“Rockboro is a new kind of company in the credit analysis space that will work with both end-user clients such as banks and their consultants to create a competitive advantage in Basel II, Solvency II and counterparty credit risk management,” explained Bernard O’Sullivan, managing director of Rockboro Analytics.
“Our extensive experience and focus on low default expert-based methodologies enables us to provide ‘best in class’ knowledge-based solutions expected of major branded firms with the senior management client focus of a boutique.”
He added that Ireland, and Cork in particular, was an ideal base for Rockboro’s analytical hub and that it plans to grow “aggressively” in the coming years.