A DAG based / micro-service workflow design allows client Credit Risk Batches to be consolidated and Cloud-enabled.
Situation
Our client, a major Tier 1 bank, had a monolithic Credit Risk batch proces involving a series of applications to calculate Credit Risk exposure for its cross-asset global derivatives portfolio.
The architecture was unable to support the additional calculation burden from ever increasing trade volumes, portfolio complexity and regulatory change.
Requirements
Phi were chosen to deliver a complete review of the current architecture and propose a new design meeting three major criteria:
In-scope
Solution
Phi provided a team of industry-leading specialists for six weeks to undertake an intensive review of the existing batch processes and deliver a clear roadmap to implementation of a modern, DAG-based event-driven framework
Results
As a bonus, we shared the benefit of our DevOps expertise by providing specific advice on re-organisation of the client’s delivery teams and governance processes to allow multiple groups to cooperate in developing and enhancing the proposed architecture without compromising on quality.