Société Générale Corporate and Investment Banking has completed a global implementation of ActivePivot 4.0, Quartet FS’ real-time, in-memory and object-oriented online analytical processing (OLAP) aggregation engine. ActivePivot is being used to manage risk and sensitivity updates in real-time. The solution has been implemented across SocGen’s Corporate and Investment Banking’s offices in Paris, New York, Tokyo and Hong Kong.
The bank selected Quartet FS due to the real-time nature of ActivePivot 4.0, which constantly updates the risk values for new and existing trades. ActivePivot is able to compress the risk data travelling through the network between the bank’s different offices around the globe without compromising the speed or real-time nature of the information.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.