Tuesday, October 18, 2016

Fintech Needs High-Performance Computing

Newer Fintech companies are planning to disrupt financial markets. According to Accenture, the newer Fintech companeis are targeting ever faster settlement times.

To compete, current incumbents will have to match the turnaround time of the newer Fintech companies. In order to get to such fast turnaround times with existing workloads - companies will need High Performance Computing (HPC)

Historically, Financial companies have been first adaptors of advanced computing technologies such as Mainframes in 1960's Unix servers in 1990's. Today, activities such as high-frequency trading, complex simulations and real-time analytics are built on dedicated data centers filled with a diverse set of HPC systems.

These HPC systems are used to gather, parse, analyze and act on huge amounts of data - often several Petabytes/day. Having greater computing power increases competitive advantages in the market.

Let us see how HPC aids in building competitive advantages.

The only way for financial companies to address challenges is to use HPC solutions. 

Now, lets look at what constitues  HPC systems. 

From a hardware perspective, HPC systems has four components:

Market Outlook

It is clear that HPC provides competitive advantages to financial companies. According to IDC, total global revenue for the HPC market (including servers, storage, software and services) will increase from $21 billion in 2014 to $31.3 billion by 2019!

No comments: