NEW YORK--(EON: Enhanced Online News)--GigaSpaces, 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.
“Through GigaSpaces’ IMC technology, these organizations can create more flexible infrastructures that meet their challenges, while improving agility and mitigating risks.”
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 mitigating risks.”
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 at www.gigaspaces.com/imc and blog.gigaspaces.com.