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Fred Gedling Chief Technology Officer, EMEA SVP Global Services The Reality of Grids in Finance.

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Presentation on theme: "Fred Gedling Chief Technology Officer, EMEA SVP Global Services The Reality of Grids in Finance."— Presentation transcript:

1 Fred Gedling Chief Technology Officer, EMEA SVP Global Services The Reality of Grids in Finance

2 Agenda Welcome! What is a Grid today? Where are Grids used today in Finance? Where will they end up? Questions 2(c) DataSynapse, Inc. ALL RIGHTS RESERVED

3 Users of Grids in Finance include… Insurance Banking 3(c) DataSynapse, Inc. ALL RIGHTS RESERVED

4 Grid in Finance: What’s in a name 2007 Application Virtualization 2002 Grid Computing High Performance Computing (HPC) 4(c) DataSynapse, Inc. ALL RIGHTS RESERVED

5 BI Portal Decision Support ERP/SCM CRM/eCommerce “Grid” - Shared Infrastructure PolicyPolicy DemandDemand SupplySupply Application Virtualization and Grid 5(c) DataSynapse, Inc. ALL RIGHTS RESERVED ApplicationsApplications

6 Grid in Finance: Growth Trends Future Growth the451Group:30 – 100% per annum 2007 Global10,000+ nodes 2005 Departmental1,000+ nodes 2002 Single application100+ nodes 6(c) DataSynapse, Inc. ALL RIGHTS RESERVED

7 Grid in Finance: Growth Trends 2007 Buy Commercial Product Supporting multiple ISV and bespoke applications Multiple Applications Mixed Workflow Shared, global Conserve (Green) 2002 Build Own Grid Supporting bespoke application Single application Batch Local, standalone Exploit Regulatory Requirements Accelerating time to market Product complexity increasing Competitive / cost pressures 7(c) DataSynapse, Inc. ALL RIGHTS RESERVED

8 London GridServer® Manager Applications Resource Sharing Resource Sharing Investment Banking – Established Grids New York GridServer® Manager Applications Tokyo GridServer® Manager Applications Zurich GridServer® Manager Applications Grid infrastructure – dedicated & shared servers, desktops (1000s) 8(c) DataSynapse, Inc. ALL RIGHTS RESERVED

9 Retail Banking – Emerging Grids Core processing delivery Branch Internet Internal Customer Strategy Optimization Enterprise Content Management Business Intelligence Customer acquisition, retention, revenue generation Risk, Compliance, Surveillance Regulatory Reporting Statement Production Budgeting Planning Blue = idle = wasted 9(c) DataSynapse, Inc. ALL RIGHTS RESERVED

10 Grid in Finance: Sample Benefits European Bank - end of day processing from 15 hours to 20 minutes Global Bank – speed up timesheet by 8000% Performance Acceleration European Bank – increase Monte Carlo calculations x25 Global Bank – increase throughput of portfolio pricing by 50% Scale Swiss Financial Institution Utilize 10,000 desktops, achieving 3,000 server equivalent of free processing power Cost Containment 10(c) DataSynapse, Inc. ALL RIGHTS RESERVED

11 Grid in Finance: Sample Benefits Investment Bank 50% reduction in time to market for new products Time to Market US Financial Services Provider Reduced transaction cost by 90% Increased processing capacity x10 Reduced Mainframe Transaction Cost Large US bank $15m saving in CapEx Reduced risk reserves by $10m Capital & Operational Expenditure Saving 11(c) DataSynapse, Inc. ALL RIGHTS RESERVED

12 Fred Gedling Chief Technology Officer, EMEA SVP Global Services Questions?


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