Allen Whipple, Co-Founder and Managing Director of Quartet FS joins Numerix CMO, Jim Jockle to discuss the evolution of risk technology. Allen draws on the significant enhancements and capital markets use case for real-time data visualization, re-aggregation and reporting in solving an entirely new set of analytical problems – from risk management and credit monitoring, to position keeping and Big Data aggregation challenges.
Allen also expands on Quartet FS ActivePivot’s support for the instant analysis, aggregation and visualization of large volumes of complex and dynamic data for derivatives valuation, Market Risk and Counterparty Credit Risk calculations and the value this can have within a real-time enterprise analytics engine.
Watch the Video: The Power of In-Memory Analytics for Real-time Risk - Then and Now
Video Transcript: The Power of Continuous Aggregation for Real-time Risk
Jim Jockle (Host): Hi welcome to Numerix Video Blog I’m Jim Jockle, and welcome to a new series on the evolution of risk technology. Joining me today is Allen Whipple, founder of Quartet FS, and also founder of a system that many people that are watching are very familiar with, Summit, so welcome Allen and thanks for coming on today.
Allen Whipple (Guest): Thanks Jim.
Jockle: Why don’t we just start very quickly with the elevator pitch around Quartet FS, people may not be familiar, so why don’t you set the table for this discussion.
Whipple: Absolutely, so Quartet FS is a software company focused on capital market in-memory analytical problems, so we effectively produce an in-memory OLAP engine, which is a multi-dimensional analysis component used to solve a whole series of continuous big data analytical problems, from risk management, to credit monitoring, to positioning keeping, etc.