The end of the batch process: How streaming technology will change the world of Risk

Batch Processing has been around for decades. Banks have been one of the biggest adopters of batch processing technology: from processing daily interest calculations in core systems, to sending data downstream overnight for various purposes such as risk and capital calculations, reporting, general ledger accounting etc. In particular, banks’ middle and back office systems are supported by batch driven technologies and banks have designed their operating model and business processes accepting the lag in data availability.

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 delivers real-time information. In this new world, waiting for information to be processed is unheard of.

This technology will change the way Banks’ middle and back office functions operate. In risk management, the need for speed has never been more pressing than during the current crisis. IFRS 9 provisions, Basel III regulatory capital, stress testing, IRRBB and ICAAP are some of the areas that would greatly benefit if scenario testing & calculations could be done in minutes as opposed to hours. From reactive to proactive, from back-ward looking to forward-looking, from regulation led to business led; the position of risk professionals can elevate to a truly critical business function which supports profitable growth.

In this webinar we will explore :

· What a future risk function would look like when information is available in real-time?

· Why Banks should strongly consider the type of technology they invest in the future?

· What does it take for an organisation to transition to this modern stream technology era?