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    CASE STUDY

    Risk Modernisation on Snowflake​

    Risk, but 500% faster​​

    Background

    First Derivative’s client is a Japan-headquartered global bank and one of the world’s largest financial institutions​.

    With over five billion rows added per day and an anticipated seven-fold increase in data due to regulations including FRTB, our client needed a seamlessly scaling risk architecture with minimum management overhead and low-cost storage and compute capabilities​​​.


    What we did

    First Derivative migrated and refactored credit and market risk reporting to a Snowflake based modern data platform​​.

    The team decommissioned cumbersome legacy platforms and managed the parallel run to safely migrate onto the modern data platform​.


    The results we achieved

    • P&L calculations are 500% faster.
    • Book scaling adjustments are 300% faster​​.​
    • Value at Risk (VaR) calculation is 300% faster​.​