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Risk On Cloud with Streaming - a data first approach to platform modernization pioneered by Ness

to start your journey!
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ROCS Webinar

Overview

Financial services firms are facing constant pressure to modernize their technology stacks due to:

  • The growing expectations from internal and external customers, particularly with their timeliness of data and level of analytics available

  • The rapidly evolving markets and the need to respond to volatility and increase profitability

  • Regulators and their strict demands to meet ongoing regulatory and compliance needs.

Approach

Risk On Cloud with Streaming (ROCS)

Risk On Cloud with Streaming is a data-first modernization approach that avoids a “Big Bang” and leverages streaming architectures on the cloud to produce near-real time calculations and visualizations. Successful Re-orchestration projects require a modern approach to building infrastructure, a detailed business domain knowledge to extract business logic, and a deep understanding of legacy technologies.

ROCS on AWS simplifies the transformation of Risk, Pricing and Valuation Architectures from EOD batch to streaming using re-orchestration.

  • 100% Cloud-based: Leverage the AWS ecosystem to deliver a secure, scalable and dependable risk platform

  • Analytics Agnostic: Provide flexibility to choose your analytics and market data provider or mix and match

  • Streaming Enabled: Connect real-time data feeds (Trade, Market, Reference) to the Cloud for processing, distribution and monitoring

  • Risk Factory Accelerator: AWS Marketplace offering that automatically stands up the risk infrastructure with the ability to run sample trading and risk apps

  • Structured 3-phase Engagement: Follows AWS’ Migration Acceleration Program (MAP) – Assess, Mobilize, and Migrate

Business Outcomes

  • Accelerated development of new methodologies, analytics and products

  • Ease of benchmarking and migration of analytical libraries, proprietary or 3rd party

  • Single streaming architecture for multiple risk use cases, Real-Time, End-Of-Day, On-Demand

  • Production quality environments increase the reliability of testing and model calibrations

  • Pro-active operational intelligence ensuring stability and dependability of risk computation

Why deploy ROCS on AWS + Confluent?

  • ROCS on AWS simplifies the transformation of Risk, Pricing, and Valuation Architectures from EOD batch to streaming using re-orchestration.

  • The ability to scale compute resources across Amazon Elastic Compute Cloud (Amazon EC2) instances provides Risk Managers, Portfolio Managers, and Quants to perform ad-hoc what-if scenario analysis.

  • In addition, the analysis helps respond to significant market events requiring real-time re-calculation of portfolio exposures.

  • Suppose you are a business decision-maker or executive. In that case, ROCS on AWS can help you visualize, analyze and investigate your P&L and risk sensitivities across multiple dimensions providing reliable intra-day reporting for your trading desk.

  • ROCS provides a single streaming architecture for multiple risk use cases. Confluent is the industry’s leading streaming platform.

  • Confluent Cloud is available on AWS Marketplace, so fit seamlessly into ROCS on AWS.

  • Confluent Cloud provides a Service Level Agreement that aligns with Mission Critical systems.

Our Work in Action

Case Studies

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The client selected Ness to modernize their existing business logic leveraging Streaming Architecture and to migrate its core database to AWS, a major step in the Digital Transformation of “the Original Fintech.” Ness built a secure AWS Landing Zone to enforce these stringent controls.

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The client selected Ness to re-architect their real-time pre-trade compliance engine leveraging a modern Cloud-based Streaming Architecture to achieve scalable performance, modern architecture for enhanced portfolio management optimizations, and a high-velocity development process.

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The client selected Ness to help rebuild its market risk and margining platform leveraging Streaming Architecture on the Cloud to provide an environment for intra-day risk management, intra-day computations, pricing, and re-valuation.

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Our Work in Action

Case Studies

left-arrow
The client selected Ness to modernize their existing business logic leveraging Streaming Architecture and to migrate its core database to AWS, a major step in the Digital Transformation of “the Original Fintech.” Ness built a secure AWS Landing Zone to enforce these stringent controls.

X
The client selected Ness to re-architect their real-time pre-trade compliance engine leveraging a modern Cloud-based Streaming Architecture to achieve scalable performance, modern architecture for enhanced portfolio management optimizations, and a high-velocity development process.

X
The client selected Ness to help rebuild its market risk and margining platform leveraging Streaming Architecture on the Cloud to provide an environment for intra-day risk management, intra-day computations, pricing, and re-valuation.

X
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Insights

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Solution Brief
A data-first modernization approach that avoids a “Big Bang” and leverages streaming architectures on the cloud

X
eBook
An overview of the common architectures used in risk management systems and how cloud & streaming have impacted their designs

X
right-arrow

Insights

left-arrow
Solution Brief
A data-first modernization approach that avoids a “Big Bang” and leverages streaming architectures on the cloud

X
eBook
An overview of the common architectures used in risk management systems and how cloud & streaming have impacted their designs

X
right-arrow

Key Partnerships

Accelerate Your Digital Transformation With Our Business Domain Knowledge, Technology Expertise, And Agile Delivery Process.