This article appeared in:
Finance on Windows Magazine, May 2012
Increasing complexity and regulations are presenting financial firms with unprecedented challenges when it comes to analysing and managing risk. Jacqui Griffiths finds out how the latest technologies are helping them get the full picture
In the aftermath of the economic crisis, financial services organisations are finding themselves having to tackle increasingly complex challenges, making analysing and managing risk no easy feat.
Global trading and electronic markets have intensified both the volume of data that financial institutions require and the speed at which they need it to remain successful. When activity anywhere in the world can have repercussions everywhere, companies need to have access to information in real time so they can act quickly. At the same time, firms can't afford to ignore the increasing amount of unstructured information they're getting from channels such as social media. Practices such as proprietary trading, which contributed to the financial crisis, are now frowned upon, and many institutions are looking for new ways to make money – often involving more complex products.
Finance on Windows asked Xenomorph's Brian Sentance for his opinions on risk management and analytics.