“Atos and Quartet FS launch a Big Data appliance that facilitates compliance with the future FRTB banking regulations”

Through its technology brand Bull, Atos is joining forces with Quartet FS, the provider of the ActivePivot in-memory analytical platform, to launch a Big Data appliance that speeds up data analysis and improves the operational decision-making process for financial institutions. This innovative in-memory technology has been integrated into the bullion server from Bull as an appliance that ensures compliance with the future FRTB banking regulations.

Benefits of the new appliance

Thanks to ActivePivot, the in-memory computing and database platform from Quartet FS, and the unique capabilities of the bullion server, the high-end x86 server from Bull, this new Big Data appliance offers the finance sector the following:

A computation engine that is optimised for all kinds of risk metrics (including VaR, expected shortfall, CVA and P&L) and that enables financial institutions to prepare for regulatory compliance with the future FRTB (Fundamental Review of the Trading Book) regulations.
Combination with a powerful analytics, simulation and decision aid tool – all on a powerful and scalable hardware platform.
The ability to process large volumes of data – more than ten terabytes – in real time with very low latency periods.
A fully integrated, easy-to-deploy turnkey solution that enables cost control.

In-memory for real-time data processing

With the digital transition, companies have to analyse massive quantities of data so as to calculate and visualise risks and opportunities and to respond with immediate decision-making. As a result of financial regulations being strengthened, banks not only have to know how to calculate risks, but also be able to verify the results of their calculations at any time at the request of the regulatory authorities. Capable of processing large volumes of data with very low latency periods, the in-memory technology from Quartet FS is the only technical solution able to simultaneously and fluidly offer these two aggregated / granular visualisations on a single platform.

“Deploying ActivePivot on the bullion server enables us to exploit the full flexibility of the platform’s Java architecture. By combining our cutting-edge in-memory technology and our expertise in the finance professions with Atos’ excellence in the hardware segment, we can offer financial institutions a complete solution for calculating and verifying risks on a daily basis, as is required by FRTB regulations, with a modular hardware platform that is tailored to their needs,” explains Georges Bory, Co-Founder of Quartet FS.

“This announcement is another step towards our ambition of supporting clients in their transition towards Big Data. So we can precisely respond to banks’ needs, we opted for Quartet FS’ ActivePivot, an effective in-memory solution that complements our bullion server perfectly,” states Arnaud Bertrand, Group SVP, Head of Big Data & HPC at Atos.

* bullion: already adopted by more than 100 million end users worldwide

Bullion # 1 in performance bullion is deployed on a large scale in many companies and governments – mainly in Europe, Africa and Brazil. The bullion servers from Bull, the Atos brand for technology products & software, have a memory capacity that is unique on the market (of up to 24 TB). Their modular and scalable architecture, which ranges from two to 16 sockets (up to 288 cores), makes for perfect investment optimisation. bullion’s scalability means future needs can be addressed by simply adding or reallocating capacity. These qualities and the recent announcement that bullion beat the gross performance world record show that this x86 server achieves exceptional levels of performance that make it the enterprise server of choice for in-memory applications.

About Quartet FS

Quartet FS’ in-memory analytical platform ActivePivot provides business users with instant insight into massive, fast moving data for timely decision making. ActivePivot is used by time-sensitive organizations to continuously evaluate business performance and make optimal data-driven decisions. Founded in 2005, Quartet FS is a privately owned company with offices in London, Paris, New York, Hong Kong and Singapore. With more than fifty live implementations in large international companies, we serve customers in many verticals, including financial services, market exchanges, logistics and retail. For more information: www.quartetfs.com

About Bull

Bull is the Atos brand for its technology products and software, which are today distributed in over 50 countries worldwide. With a rich heritage of over 80 years of technological innovation, 2000 patents and a 700 strong R&D team supported by the Atos Scientific Community, it offers products and value-added software to assist clients in their digital transformation, specifically in the areas of Big Data and Cybersecurity. Bull is the European leader in HPC and its products include bullx, the energy-efficient supercomputer; bullion, one of the most powerful x86 servers in the world developed to meet the challenges of Big Data; Evidian, the software security solutions for identity and access management; Trustway, the hardware security module and Hoox, the ultra-secure smartphone. Bull is part of Atos. For more information: www.bull.com

About Atos

Atos SE (Societas Europaea) is a leader in digital services with pro forma annual revenue of circa EUR 12 billion and 100,000 employees in 72 countries. Serving a global client base, the Group provides Consulting & Systems Integration services, Managed Services & BPO, Cloud operations, Big Data & Cyber-security solutions, as well as transactional services through Worldline, the European leader in the payments and transactional services industry. With its deep technology expertise and industry knowledge, the Group works with clients across different business sectors: Defense, Financial Services, Health, Manufacturing, Media, Utilities, Public sector, Retail, Telecommunications, and Transportation. Atos is focused on business technology that powers progress and helps organizations to create their firm of the future. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and is listed on the Euronext Paris market. Atos operates under the brands Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify and Worldline.