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    CASE STUDY

    Application Modernisation on GCP​

    Future ready risk​​​

    Background

    First Derivative’s client is a UK headquartered global bank and has been a partner of First Derivative for over twenty years​​.

    Our client faced inherent inefficiencies with its legacy risk platforms. These would only be exacerbated as market and regulatory demands increase exponentially.​

    A scalable, future proof solution was required​​​​.


    What we did

    The First Derivative team built a highly scalable, fault tolerant counterparty credit risk solution on Google Cloud Platform​​​.

    Covering project management, cloud architecture, infrastructure & application engineering and test automation, the team delivered the cloud platform and the end to-end-migration of key workloads including counterparty credit exposure and issuer risk​​.


    The results we achieved

    • Legacy inefficiency removed with distributed horizontal scaling​​.​
    • Meets future regulatory requirements with on demand compute.​
    • 70% infrastructure cost saving using pre-emptible virtual machines.