In-Memory Computing for Financial Services
Leveraging in-memory computing is imperative for financial services organizations like banks and investment management firms. GridGain® Systems is a leader in in-memory computing solutions for the financial services industry. The GridGain in-memory computing platform enables unprecedented speed and scalability for transactional, analytical and hybrid transactional/analytical processing (HTAP) financial services use cases across any data store.
GridGain is proven technology which delivers in-memory speed with massive scalability to petabytes of in-memory data. GridGain solutions provide predictable latency, flexible scaling, configurable data consistency and reliable uptime. Ultra low latency performance for the most demanding applications can be achieved using high performance Java Virtual Machines (JVMs).
The GridGain in-memory computing platform can run on commodity hardware installed on-premises, in the Cloud, or in a hybrid environment. It is built on the open source Apache Ignite® project code base, offering all the benefits of open source software with the backing of a reliable, commercial company behind the technology.
Financial Services Clients
A leading global bank based in Belgium. View their keynote from the In-Memory Computing Summit on capital market use cases for in-memory computing.
The largest bank in Eastern Europe with over 130 million clients. Read about their needs in this CIO.com article.
A leading global bank based in France which ranks among the top 20 banks worldwide based on total assets.
Financial Services Use Cases for GridGain Technology
EOD & Intraday Risk Assessment
Interest Rate Derivatives (IRD)
Market Data Applications
High Speed Transactions
Resources
Capital markets applications often require high performance, massive scalability, and high-performance data access across the enterprise to meet the demands of modern, digital business activities. In addition, digital transformations may require capital markets companies to design architectures that enable multiple business applications to access data from multiple, disparate data sources in real time.
Bitcoin and blockchain, the digital-ledger technology behind this electronic currency, are generating enormous amounts of interest in the financial services industry. Most of the larger banks are investigating this area, and many technology companies are building platforms to enable blockchain technology for financial services firms.
Spread betting offers some compelling advantages, including low entry and transaction costs, preferential tax treatment, and a diverse array of products and options. Traders can bet on any type of event for which there is a measurable outcome that might go in either of two directions – for example, housing prices, the value of a stock-market index, or the difference in the scores of two teams in a sporting event.
Financial fraud detection and prevention is not a simple task, and firms must tackle it simultaneously with other crucial tasks such as ensuring regulatory compliance. To accomplish these data-intensive tasks in a timely manner, financial firms need solutions that are flexible, scalable, reliable, and fast enough to analyze extremely large datasets in real-time.
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