Financial Services

How Avanza Bank has Grown their Customer Base by 5X, On their Way to One Million Banking Customers

By |2021-05-06T13:24:15+00:00September 18, 2019|

Today we announced that our customer Avanza Bank is approaching its goal of reaching one Million Banking Customers Powered by our In-Memory Computing Platform. Avanza leverages our In-Memory-Computing platform as the underlying core software architecture to power their completely digitalized banking offering, supporting the growing demand for instant response times [...]

Live Risk Result Store Fueled by a Distributed Operational Calculation Engine

By |2020-09-27T10:04:02+00:00July 28, 2019|

Risk management systems are being used consistently by many organizations, ingesting data and producing reports on levels of business risks - from strategic, compliance and operational risks to financial and reputational risks. But are these reports delivering sufficient insight on a timely basis?  Consider financial services, insurance applications, payment processing [...]

Operationalizing Real-Time Machine Learning – A Financial Services Case Study

By |2020-09-29T06:27:27+00:00January 24, 2019|

One of my favorite films that depicted the power of Machine Learning (ML) for predictive analysis is Moneyball (2011). In the film, Brad Pitt who plays Billy Beane, the Manager of the Oakland A's,  hires a Yale Economics graduate who uses computer-generated analysis of historical data and predictive modeling to [...]

The Future of Financial Trading: Embracing Extreme Processing

By |2020-09-29T07:22:58+00:00December 13, 2018|

Drawing on the insights shared by GigaSpaces, VP Product Yoav Einav as published in Computer Business Review, this article explores how in-memory computing meets the demands of applications requiring extreme high performance and low latency such as high-frequency trading. There is no doubt that in today’s world, the faster and smarter [...]

Are you Ready to Handle the Black Friday Traffic Spike?

By |2020-09-29T07:51:21+00:00November 21, 2018|

Each year Black Friday poses an ever-increasing challenge to ecommerce businesses. This year’s Black Friday will bring even more turmoil according to Adobe’s 2018 online shopping predictions forecast of $5.9B revenue and a growth rate of 17.2% over last year. The report also forecasts $124 Billion in U.S. online sales [...]

GigaSpaces Shortlisted for Three Banking Technology Awards with Leading Financial Customers: Daiwa Capital Markets and Société Générale

By |2020-09-29T07:52:32+00:00November 14, 2018|

As the Financial Services industry becomes increasingly competitive, our customers are continuously striving to improve the quality of their services. They are leveraging their growing amount of data with innovative new services to optimize operations, reduce risk and enhance customer experience. The diagram below shows how banks prioritize customer experience, [...]

Leveraging Advanced Analytics for Real-Time Fraud and Money Laundering Detection

By |2020-09-29T10:11:27+00:00August 27, 2018|

This post was originally published on Global Banking & Finance. Fraud detection is a billion-dollar problem in finance, affecting consumers and banks alike. Deploying and running advanced analytics on data as it's born will help financial institutions detect and prevent money laundering and other fraudulent activities while eliminating the need to provision [...]