UniCredit Global Information Systems (UGIS), the global information and communication technology (ICT) company of the UniCredit Group, has selected Platform Computing to create a global, virtualised shared computing infrastructure for its global markets and investment banking and risk management applications to lower their costs and increase server utilisation.
UGIS selected Platform Symphony and core components of Platform ISF to create a dynamic grid computing platform across its datacenters. This new shared computing platform will add processing power to key applications, while reducing the cost by tapping previously underutilised computing resources. UGIS Global markets and treasury is using Platform Computing to support its growth across multiple business units. The shared IT infrastructure is used to support major pricing and risk applications as well as testing and end-user acceptance development. Platform Computing replaces several homegrown solutions built around various middleware solutions to provide better dynamic resource sharing across the datacenter.
UGIS Global markets and treasury is now able to dynamically provision physical and virtual resources and allocate workloads to existing virtual image containers based on utilisation thresholds. The shared compute infrastructure is used for pricing purposes from Murex fixed income and interest rate derivatives, Murex foreign exchange (FX) options, Murex credit derivatives and for the market risk, and will be extended in the coming months to other front office applications such as Sophis for equity derivatives. The new credit counterparty risk application will also be based on Platform Symphony.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more