Interview with Achille Yomi, the founder and CEO of Scenario-X

Please tell us about your journey that led you to become an entrepreneur?

Becoming an entrepreneur has been a lifelong dream of mine. My journey began two decades ago when I co-founded Futurex, a company that imported, installed software and sold second-hand computers and laptops in Cameroon. This venture sparked my interest in entrepreneurship and set me on the path to realizing my dreams.

After completing my education at EM Lyon Business School, where entrepreneurship is deeply ingrained in the curriculum, I co-founded the Junior World Entrepreneurship Forum in Shanghai while pursuing my MBA at East China University. This was a fulfilling experience that further solidified my passion for entrepreneurship.

In 2013, I initially planned to start a financial advisory company, but I realized that I was not yet ready to take the leap. Instead, I left Switzerland for Singapore, where I held leadership positions for global financial institutions, overseeing regulatory financial stress testing exercises. This experience exposed me to several issues in data quality,?scenarios?modeling, and models development that needed to be addressed.

In late 2021, my family and I decided to return to Switzerland, and I saw it as the perfect opportunity to address those issues I had witnessed in the financial sector. I founded?Scenario?X, a company that provides innovative solutions to these problems. Taking this leap into entrepreneurship without a safety net was both exciting and challenging.

My journey has been defined by my passion for entrepreneurship, my dedication to education, and my unwavering drive to achieve my dreams. I believe that my experiences have equipped me with the skills and knowledge necessary to succeed as an entrepreneur, and I am eager to see where this journey takes me next.

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Can you share with us what your company does and what is your unique selling point?

At?Scenario?X, we offer a holistic predictive analytics platform that specializes in helping financial institutions to mitigate risks and drive growth by making informed decisions based on data. Our platform leverages the most comprehensive global economic database available and applies the latest?machine learning?algorithms?to deliver highly accurate and reliable forecasts of economic?scenarios?of varying degrees of severity.

Our platform is unique in that it provides our clients with a holistic view of their portfolio and balance sheet, analyzing the impact of economic?scenarios?across finance, risk, treasury, capital, and liquidity metrics. This comprehensive approach enables our clients to make strategic decisions based on data and respond to regulatory stress tests more effectively.

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What are some of the milestones that you envision for your company this year?

We have already achieved some important milestones this year. Our all-in-one platform currently has two modules available for testing: the?Scenario?Design Module, which enables the expansion of macroeconomic indicators for regulatory stress testing upon business request, and the?Lombard Lending Module, which provides insights on the impact of adverse?scenarios?on Lombard lending portfolios in terms of financial, risk, and capital metrics.

Moving forward, we have several goals that we hope to achieve over the coming months.

• First and foremost, we plan to conduct as many pilot tests as possible to ensure that our platform is not only meeting a real need but also providing an optimal user experience.
• Additionally, we will continue to develop new modules for the platform and expand its capabilities to better serve our clients' needs.
• Finally, we will be working to raise funds to support the ongoing development of the platform as well as our sales process.

By achieving these milestones, we are confident that we will be well-positioned to take?Scenario?X?to the next level and provide even greater value to our clients.

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Can you share a message for other entrepreneurs that would like to do the same as you?

For aspiring entrepreneurs, my message would be to embrace failure as a learning experience and to never give up on their dreams. It's important to love the journey and not just focus on the expected outcome. Every setback and obstacle can provide valuable lessons that will help you grow as an entrepreneur.

Also, surround yourself with like-minded individuals, institutions, who can offer support, guidance, and mentorship. And most importantly, be passionate about what you do, stay committed, and keep pushing forward.