Better Risk Management
Firms will look for opportunities like accelerated compute to drive efficiencies. The simulation techniques used to value risk in derivatives trading are computationally intensive and typically consume large swaths of datacenter space, power and cooling. What runs all night on traditional compute will run over a lunch break or faster on accelerated compute. A real-time value of sensitivities will enable firms to better manage risk and improve the value they deliver to their investors.
Cloud-First for Financial Services
Banks have a new imperative: get agile fast. Facing increasing competition from non-traditional financial institutions, changing customer expectations rising from their experiences in other industries and saddled with legacy infrastructure, banks and other institutions will embrace a cloud-first AI approach. But as a highly regulated industry that requires operational resiliency, an industry term that means your systems can absorb and survive shocks (like a pandemic), banks will look for open, portable, hardened, hybrid solutions. As a result, banks are obligated to purchase support agreements when available.
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