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, fraud/risk management and operational efficiency according to Accenture’s 2018 North America Banking Operations Survey
Today, we are excited to announce that GigaSpaces together with our customers have been shortlisted for three Banking Technology Awards; Best Use of IT in Treasury and Capital Markets for Daiwa Capital Markets and Société Générale, Top Digital Innovation for Daiwa Capital Markets and Best Use of Data for Société Générale. Now in their 19th year, the Banking Technology Awards recognize excellence and innovation in the use of IT in financial services worldwide. And we are truly honored for being shortlisted for not one but three awards.
The Daiwa Capital Markets project leverages GigaSpaces in-memory computing platform as the underlying core software architecture in the DATS – Daiwa Algorithm Trading System.
Société Générale has deployed their SDS: SGCIB Data Services, a heterogeneous distributed worldwide data services platform, with GigaSpaces.
“Financial services organizations require the capabilities to obtain real-time insights that fuel optimized operations, services and enhanced customer experiences,” said Karen Krivaa, VP Marketing at GigaSpaces. “We are proud that our customers have received recognition, leveraging our technology to continuously innovate on differentiated services as they face fierce competition for today’s increasingly demanding customers and stricter regulations.”
The GigaSpaces in-memory software platform ingests, processes and analyzes data from multiple sources in real-time across millions of events at sub-second latency. The data can be leveraged as a “single-source of truth” for hundreds of concurrent mission-critical applications delivering instant insights and smarter actions.The always-on platform, on cloud, on premise or hybrid, simplifies big-data and analytic workloads so developers and business analysts can easily build the right applications to optimize their business initiatives. Financial Institutions around the globe are leveraging GigaSpaces InsightEdge and XAP for applications including algorithmic trading, risk management, post and intraday trade processing, trade matching and reconciliation, instant payment processing, fraud detection, customer service applications and many more.
We continue to deliver on our commitment to help our customers get from real-time insights to action for increased operational efficiency, competitiveness and innovation. It’s an exciting time to be in collaboration! We have big plans for this space moving forward – stay tuned for more great news and updates in the months to come.
If you want to learn more about innovative financial services applications click here.