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OTC Markets Group Announces Acquisition of Qaravan Inc

Traders Magazine Online News, February 11, 2019

John D'Antona Jr.

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced its acquisition of Qaravan Inc., a leading provider of innovative software and risk & performance analytics tailored to banking and finance industry professionals. Qaravan's web-based applications provide bank executives, regulators, and analysts with a seamless approach to peer monitoring and competitor benchmarking.

Pursuant to the acquisition, OTC Markets Group will integrate Qaravan's core assets, which include state-of-the-art proprietary technology solutions and buy-side analytics tools. Through Qaravan's intuitive online software and integrated Microsoft Excel tools, customers can access interactive versions of FDIC reports and analyze associated regulatory data to perform peer comparisons and prepare regulatory exam materials and investor/board communications.  

Qaravan's CECL software provides banks with a turnkey approach that is aligned with the latest FASB and regulator guidance. Through an intuitive question and answer format, the application collects relevant data and decisions points that are used to generate custom reports centered around the key data attributes regulators now require. This includes thorough loan level data analysis that conforms to FASB's latest guidance on the use of Weighted Average Remaining Maturity (WARM) portfolio modeling.

Qaravan data modules provide management, boards of directors and regulators with an enhanced portfolio of research, reporting, metrics and analytics that are relevant across the entire banking ecosystem. Management teams and industry analysts benefit from enhanced competitive intelligence, due diligence analysis, and benchmarking of industry peer groups which include considerations such as funding strategy, loan concentration, risk profile, and branch geography.

"The acquisition of Qaravan provides a robust set of banking data on the 500 plus community banks that trade on OTC Markets," said Matt Fuchs, Executive Vice President of Market Data and Strategy at OTC Markets Group. "The community banking space is a key growth sector for our markets and we look forward to offering additional tools and quantitative data to support the public and private banking industry."

As part of the acquisition, Anthony Hodson, the founder of Qaravan, has joined OTC Markets Group as a Senior Vice President of Market Data. 

"I'm excited to be a part of the OTC Markets team as we build on the momentum Qaravan has created and expand the value of our data and analytics offering across the banking sector," said Anthony Hodson, Senior Vice President, OTC Markets Group.

OTC Markets Group was advised on this transaction by Sandler O'Neill + Partners, L.P.

To learn more about Qaravan, please visit


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