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…