One of the biggest drivers of the explosion of data in the financial services sector, along with the need to process that data at ever-faster speeds, is the requirement to comply with the many government regulations that have been imposed since the global financial crisis of 2008-09.
The Dodd Frank Act was the most comprehensive set of regulations imposed on financial services companies since the Great Depression, and that is just one of many new reporting requirements including the Volker Rule, Basel III, Markets in Financial Instruments Directive (MiFID), Comprehensive Capital Analysis and Review (CCAR), Anti Money Laundering (AML) and Know your customer (KYC).
These regulations require financial institutions to monitor, collect and analyze real-time data from multiple, disparate sources. Failure to comply with these regulations can come with severe penalties or sanctions.
Given this situation, it isn’t surprising that financial services companies are leading the way in adopting modern in-memory computing technologies that promise to increase the speed and scale of big data/fast data applications by orders of magnitude. Still, this revolution is still in its early stages, and many financial services are still in the discovery phase to determine which technologies will best solve their data management and compliance challenges.
To help those who are responsible for meeting these new challenges to better understand the options available, GridGain is offering an in-depth webinar titled “In-Memory Computing to Achieve Real-Time Financial Regulatory Compliance” featuring Eric Karpman, a 30-year veteran of the financial services industry. In this webinar Eric shares how some of the world’s largest financial institutions use in-memory computing to address these challenges. Eric covers how to leverage the latest in-memory computing advances to solve regulatory challenges and how GridGain and Apache® Ignite™ can address your specific needs.
Don’t miss this opportunity to learn about the indispensable technologies that are helping financial institutions fulfill their legal obligations while improving service for their customers. Register Now.