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An Open Source Architecture for Modernizing Market Risk Management

In today’s environment, financial institutions face challenges that include: * New and more complex calculations due to regulatory demands (i.e., FRTB) and climate risk * Explosive data growth and the need to move and analyze this data * Limited on-premise compute capacity * Need to improve time to value by accelerating model deployment to production To help solve these challenges, Marius Bogoevici and Aric Rosenbaum have worked with industry experts and market leaders to design a forward-thinking, open source solution to better address current challenges and prepare for future needs. Based on real-world use cases, we will show how an open source market and credit risk calculation architectural framework: * Scales risk management by leveraging the hybrid cloud to perform new and more complex calculations in less time at a lower TCO * Accelerates development and deployment of risk models via modern DevSecOps practices * Responds in real-time to market / alternate data via an event driven architecture * Improves risk management by orchestrating and automating the many pre/post-calculation steps * Improves auditability and transparency with flexible rules-based decisioning

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    An Open Source Architecture for Modernizing Market Risk Management

    In today’s environment, financial institutions face challenges that include: * New and more complex calculations due to regulatory demands (i.e., FRTB) and climate risk * Explosive data growth and the need to move and analyze this data * Limited on-premise compute capacity * Need to improve time to value by accelerating model deployment to production To help solve these challenges, Marius Bogoevici and Aric Rosenbaum have worked with industry experts and market leaders to design a forward-thinking, open source solution to better address current challenges and prepare for future needs. Based on real-world use cases, we will show how an open source market and credit risk calculation architectural framework: * Scales risk management by leveraging the hybrid cloud to perform new and more complex calculations in less time at a lower TCO * Accelerates development and deployment of risk models via modern DevSecOps practices * Responds in real-time to market / alternate data via an event driven architecture * Improves risk management by orchestrating and automating the many pre/post-calculation steps * Improves auditability and transparency with flexible rules-based decisioning

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    Starting an OSPO, Complaint Open Source, & Personas – Rob Moffat

    Click image to read - This year at FINOS we are focusing on one of FINOS' key existing projects: Open Source Readiness. This is FINOS' term for helping the finance industry "do open source properly".

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    Open Source ROI: Metrics to consider value – Jim St. Clair

    Click image to read. This year at FINOS we are focusing on one of FINOS' key existing projects: Open Source Readiness. This is FINOS' term for helping the finance industry "do open source properly".

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    OSFF New York 2023: Save the Date (or Sponsor!)

    Open Source in Finance Forum returns to New York City this November 1st! The only conference dedicated to driving collaboration and innovation in financial services through open source software and standards.

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  • SPOTIFY

    15 Years+ Open Source Conferences – Todd Lewis, All Things Open & Open Source 101 Conferences

    Sit down with Todd Lewis of All Things Open and Open Source 101 conferences.

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    Certifications, Beta-testers & Subject Matter Experts – Rob Moffat

    Click image to read. This year at FINOS we are focusing on one of FINOS' key existing projects: Open Source Readiness. This is FINOS' term for helping the finance industry "do open source properly".

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    Fintech Finance News: FINOS Adds New Members and Expands its Governing Board

    Click to read. FINOS has added new members and its Governing Board with executives from Wipro, J.P. Morgan, Red Hat and more joining the expanded Board

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  • SPOTIFY

    FINOS March 2 2023 Debrief

    Click to listen to our monthly debrief episode for March 2023

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  • Suggested Content

    MP4

    In today’s environment, financial institutions face challenges that include: * New and more complex calculations due to regulatory demands (i.e., FRTB) and climate risk * Explosive data growth and the need to move and analyze this data * Limited on-premise compute capacity * Need to improve time to value by accelerating model deployment to production To help solve these challenges, Marius Bogoevici and Aric Rosenbaum have worked with industry experts and market leaders to design a forward-thinking, open source solution to better address current challenges and prepare for future needs. Based on real-world use cases, we will show how an open source market and credit risk calculation architectural framework: * Scales risk management by leveraging the hybrid cloud to perform new and more complex calculations in less time at a lower TCO * Accelerates development and deployment of risk models via modern DevSecOps practices * Responds in real-time to market / alternate data via an event driven architecture * Improves risk management by orchestrating and automating the many pre/post-calculation steps * Improves auditability and transparency with flexible rules-based decisioning

    LINK

    Click image to read - This year at FINOS we are focusing on one of FINOS' key existing projects: Open Source Readiness. This is FINOS' term for helping the finance industry "do open source properly".

    LINK

    Click image to read. This year at FINOS we are focusing on one of FINOS' key existing projects: Open Source Readiness. This is FINOS' term for helping the finance industry "do open source properly".

    LINK

    Open Source in Finance Forum returns to New York City this November 1st! The only conference dedicated to driving collaboration and innovation in financial services through open source software and standards.

    SPOTIFY

    Sit down with Todd Lewis of All Things Open and Open Source 101 conferences.

    LINK

    Click image to read. This year at FINOS we are focusing on one of FINOS' key existing projects: Open Source Readiness. This is FINOS' term for helping the finance industry "do open source properly".

    LINK

    Click to read. FINOS has added new members and its Governing Board with executives from Wipro, J.P. Morgan, Red Hat and more joining the expanded Board

    SPOTIFY

    Click to listen to our monthly debrief episode for March 2023