Hazelcast IMDG accelerates risk management reporting, Decreases risk exposure
Company Size
1,000+
Product
- Hazelcast IMDG
Tech Stack
- In-Memory Data Grid
- NoSQL
- Relational Databases (RDBMs)
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Analytics & Modeling - Real Time Analytics
- Application Infrastructure & Middleware - Data Exchange & Integration
- Application Infrastructure & Middleware - Database Management & Storage
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Use Cases
- Process Control & Optimization
- Regulatory Compliance Monitoring
Services
- Software Design & Engineering Services
- System Integration
About The Customer
SunGard Asset Management is a prominent player in the financial services industry, providing comprehensive risk management solutions to major financial institutions around the globe. The company focuses on developing advanced financial risk systems that address challenges such as the implementation and distribution of complex algorithms, Big Data, class modeling, and UX design. With a commitment to leveraging cutting-edge technology, SunGard Asset Management aims to simplify architectures and deliver significant benefits to its clients. The company's risk product offering, built on Hazelcast IMDG, forms the foundation of its solutions, enabling efficient data management and real-time analytics.
The Challenge
Since the financial crisis of 2008, risk management and capital adequacy have become a top focus for regulatory bodies around the world. It has increasingly become important for many businesses to provide accurate and timely risk reporting to regulatory agencies. Older risk systems often store data in relational databases (RDBMs), sometimes using 3rd party software and schemata. The transfer of this data from front to middle and then to back office systems is often a fragile, batch-oriented process. These flows can be hard to understand and transform. Additionally, bringing together this data often requires lengthy development projects to compensate for mismatched schemata and platforms.
The Solution
Hazelcast IMDG provides a unique set of features that are perfectly suited to unifying corporate risk data, making the needed analytics and reporting relatively easy — and doing all of this across a highly available, low latency platform. Hazelcast IMDG is a schema-less data store and can adapt to the changing data needs of your organization, and time to production is significantly accelerated. Hazelcast IMDG can scale with much less effort than NoSQL and RDBMs, reducing operational involvement and associated hardware costs. As a fully in-memory data store, Hazelcast IMDG can transform and ingest data in microseconds, providing throughput and query. Hazelcast IMDG is both a distributed computation system and a data store in the same footprint — eliminating network transit latency penalties from moving data back and forth.
Operational Impact
Quantitative Benefit
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