Case Studies Hazelcast IMDG in Financial Services

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	Hazelcast IMDG in Financial Services

Hazelcast IMDG in Financial Services

Technology Category	Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Application Infrastructure & Middleware - Middleware, SDKs & Libraries
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation Quality Assurance
Services	Software Design & Engineering Services System Integration
Challenge	The financial services industry faces demanding technology requirements, necessitating the adoption of advanced solutions like IMDG technology to process data at high speeds. Financial institutions need to run advanced queries and perform complex transactions on large datasets quickly and scalably. The rise in data volume, driven by increased technology use and social media, requires financial organizations to utilize all available data resources for competitive advantage. Additionally, complex regulations across multiple jurisdictions demand extensive data retention and reporting to ensure compliance. Read More
About Customer	The financial services industry, encompassing global banks and financial institutions, is known for its stringent technology requirements. These organizations handle vast amounts of data and require high-speed processing capabilities to manage trading, risk analysis, and compliance functions. The industry is characterized by a need for near-zero latency in trading functions and rapid data processing for compliance and reporting. Financial institutions are increasingly adopting open-source models to reduce costs and leverage modern software architectures and APIs. Read More
Solution	Hazelcast IMDG provides a high-performance, in-memory data grid solution that enables financial institutions to deploy a flexible and scalable data fabric. By storing application data in memory, Hazelcast IMDG ensures faster data processing without compromising data availability, consistency, and integrity. The solution simplifies data models, reduces development complexity, and shortens the learning curve for new applications. Hazelcast's secure enterprise-class authentication model ensures data security and compliance. The in-memory processing capability of Hazelcast IMDG allows for rapid analysis of fast-changing data, enabling real-time decision-making and strategy development. The solution's flexibility allows for easy integration of new data sources and adaptation to changing analytical models. Hazelcast's open-source model offers significant cost savings and supports innovation by enabling financial institutions to develop new risk models, differentiate services, and reduce total cost of ownership. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Application Infrastructure & Middleware - Data Exchange & Integration

Application Infrastructure & Middleware - Middleware, SDKs & Libraries

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Quality Assurance

Services

Software Design & Engineering Services

System Integration

Challenge

The financial services industry faces demanding technology requirements, necessitating the adoption of advanced solutions like IMDG technology to process data at high speeds. Financial institutions need to run advanced queries and perform complex transactions on large datasets quickly and scalably. The rise in data volume, driven by increased technology use and social media, requires financial organizations to utilize all available data resources for competitive advantage. Additionally, complex regulations across multiple jurisdictions demand extensive data retention and reporting to ensure compliance.

About Customer

The financial services industry, encompassing global banks and financial institutions, is known for its stringent technology requirements. These organizations handle vast amounts of data and require high-speed processing capabilities to manage trading, risk analysis, and compliance functions. The industry is characterized by a need for near-zero latency in trading functions and rapid data processing for compliance and reporting. Financial institutions are increasingly adopting open-source models to reduce costs and leverage modern software architectures and APIs.

Solution

Hazelcast IMDG provides a high-performance, in-memory data grid solution that enables financial institutions to deploy a flexible and scalable data fabric. By storing application data in memory, Hazelcast IMDG ensures faster data processing without compromising data availability, consistency, and integrity. The solution simplifies data models, reduces development complexity, and shortens the learning curve for new applications. Hazelcast's secure enterprise-class authentication model ensures data security and compliance. The in-memory processing capability of Hazelcast IMDG allows for rapid analysis of fast-changing data, enabling real-time decision-making and strategy development. The solution's flexibility allows for easy integration of new data sources and adaptation to changing analytical models. Hazelcast's open-source model offers significant cost savings and supports innovation by enabling financial institutions to develop new risk models, differentiate services, and reduce total cost of ownership.

Impact #1	Hazelcast IMDG simplifies data models, reducing the complexity of required data models and enabling faster use case development.
Impact #2	The solution enhances security and authentication, ensuring that only authorized users can access and report on data.
Impact #3	Hazelcast IMDG improves performance by enabling parallel processing of application code across grid servers, reducing latency and allowing for real-time data analysis.

Impact #1

Hazelcast IMDG simplifies data models, reducing the complexity of required data models and enabling faster use case development.

Impact #2

The solution enhances security and authentication, ensuring that only authorized users can access and report on data.

Impact #3

Hazelcast IMDG improves performance by enabling parallel processing of application code across grid servers, reducing latency and allowing for real-time data analysis.

Benefit #1	Hazelcast IMDG adoption in financial services accounts for close to 25% of the total IMDG market size.
Benefit #2	The solution enables applications to run advanced queries and perform complex transactions at least one order of magnitude faster than conventional architectures.
Benefit #3	Hazelcast's open-source model provides significant cost savings for financial institutions.

Benefit #1

Hazelcast IMDG adoption in financial services accounts for close to 25% of the total IMDG market size.

Benefit #2

The solution enables applications to run advanced queries and perform complex transactions at least one order of magnitude faster than conventional architectures.

Benefit #3

Hazelcast's open-source model provides significant cost savings for financial institutions.

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Overview

Hazelcast IMDG in Financial Services

Operational Impact

Quantitative Benefit