Traditionally, the finance and banking industries have relied heavily on information technology to support the operational aspects of their business sector.
The risk of functioning with inadequate technology was evidenced during the credit crisis of 2007-2008 when the algorithms of the risk parameters were too complex to be rapidly executed on the traditional computer technology of the time. The demand for “faster and better” rapidly became a reality the industry could not ignore. As technology made dramatic advances forward and High Performance Computing solutions were implemented, the industry had the power to effectively manage risk factors and maintain a positive impact to its bottom line as never before.
High Performance Computing continues to open doors for the Finance and Banking industries to powerfully drive service standards, provide leading edge customer support, and contributes heavily to the competitive advantage of every financial institution that has embraced it.
Aspen Systems, Inc. has been providing leading-edge HPC solutions to the financial and banking industries for over 30 years. High frequency trading, calculating derivative prices, complex data analysis, fraud detection, algorithmic trading and economic analytics are just some of the functions that can be performed seamlessly and at lightening speed on our technology platforms.