The end of the batch process: How streaming technology will change the world of risk.
23 Jul 2020
In risk management, the need for speed has never been more pressing than during the current crisis. Batch processing has been deeply embedded in the banking industry for decades now. From processing end of day batch processes in core systems (e.g. calculating interest) to sending data downstream for various different purposes such as feeding the general ledger, risk engines and reporting systems. This paper explores how a new wave of data streaming technology led by social media giants like LinkedIn, Google and Netflix is now challenging the status quo and forcing organisations to rethink their operating model leveraging technology that processes and delivers information in real-time.