|[March 16, 2017]
Top Financial Institutions Adopt GigaSpaces In-Memory Computing Platform to Detect, Manage and Mitigate Risk
GigaSpaces (News - Alert), a provider of in-memory
computing (IMC) technologies, announced today that leading FIs have
adopted its data grid to understand and mitigate risk. A variety of top
100 financial institutions, with annual revenues ranging from $1.3
billion to more than $125 billion, have incorporated IMC to enhance
their digital transformation, reconstructing processes that can take
hours or days into tasks that can be done in near real-time.
Institutions that have implemented GigaSpaces IMC technology have gained
a wide range of capabilities, including the ability to:
Meet intraday market regulations and reconciliation - Financial
Services companies can adhere to demanding, managing risk limits for
market, interest rate, credit, liquidity, etc. across all trading
systems and asset classes. They can also leverage the computing power
offered within GigaSpaces' data grid to compute end-to-end trade
reconciliation and reduce end-of-day risk exposure.
Understand real-time risk limits - Institutions can leverage
real-time Net Asset Value (NAV) and marginal calculations for all
positions at the risk-group and account levels, scaling to gain
insights on hundreds of thousands of underlying price moves per
second. They can also validate Value at Risk (VaR) and Expected
Shortfall (ES) to capture material risk sensitivities within various
asset classes and risk types.
Validate and utilize real-time market data - Financial Services
companies can validate market data in real-time as it flows through
middle-office risk management systems, allowing them to act
immediately or incorporate data into various simulations and models
for real-time testing.
"Global financial institutions face many of the most rigorous demands in
terms of their IT needs, as they must meet ever-changing regulatory
requirements while maintaining control over inherently volatile data,"
said Ali Hodroj, VP of Products and Strategy for GigaSpaces. "Through
GigaSpaces' IMC technology, these organizations can create more flexible
infrastructures that meet their challenges, while improving agility and
For more information, visit www.gigaspaces.com.
GigaSpaces Technologies empowers businesses with linear scalability
through the co-location of business logic and data in-memory. XAP, the
company's flagship in-memory computing (IMC) platform has been used by
hundreds of Tier-1 and Fortune-listed organizations worldwide to enhance
IT efficiency and performance. Primary sectors include financial
services, e-commerce, transportation and logistics, healthcare and
telecom. GigaSpaces offices are located in the US, Europe and Asia. More
View source version on businesswire.com: http://www.businesswire.com/news/home/20170316005137/en/
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