This large global investment bank had a large interest rate book. It included a hugely diverse business base, however the risk was managed centrally and globally 24-5. Due to complex market conditions the risk in the solution needed to be precise and timely and support traders all the way up to senior managers throughout the enterprise.
Their existing solution was based around spreadsheets and was not able to scale to meet the demands of the business, who needed to introduce more detailed calculations to manage the third order risk of the inventory. A lot of data would have to be reported in parallel supporting a global user base. They needed our expertise to build the right solution and push existing technologies to their limits to achieve success.
Kinaesis provided key SME experience to the project, using our methodology to define the problem effectively, lead the modelling, mapping, solutions architecture and providing input into the project planning.
Kinaesis worked with the client, a partner and a vendor to define an effective POC to prove out the key technical risks within the project.
Following sign off of the results of the POC Kinaesis assisted the client and the project team in implementing the cutting edge production solution.
The client achieved industry leading results from standard data technologies through an architected solution that leveraged the strengths of the tools to the best advantage. The solution was able to process billions of results as well as incrementing the data with the latest trades and positions enabling the business to achieve semi real-time risk. The architecture enabled the business to integrate new models and more calculated information on their trading positions rapidly to give them competitive advantage.