With the tight regulatory environment and cost pressures that financial services companies are facing today, they need big data technologies that make their risk management, monitoring, and compliance processes much faster and more efficient. Large financial institutions accumulating massive amounts of data need to be able to perform analytics on that data in real time in a cost-conscious manner to ensure a good user experience.
Many financial services companies are finding in-memory computing platforms such as GridGain and Apache® Ignite™ to be a key strategy for meeting these challenges while enabling:
- High-Frequency Trading
- Fraud Prevention
- Real-Time Regulatory Compliance