Develop a cloud-based solution to streamline the stress test reporting metrics of the bank

  • Our client is a Global tier 1 investment bank that wanted to realise the benefits of the cloud in the development of an application to manage their complex stress test calculations imposed by the UK regulator
  • Previous reliance on the proprietary SAS Data Management platform and other tooling to undertake this analysis is expensive, lacking in agility and forces unwanted upgrade cycles
  • Such constraints manifest themselves in significant ongoing cost and inefficiencies
  • The proposal was to develop a new application built from the ground up using only native cloud technologies utilising the Google Cloud Platform (GCP)
  • Develop and run the application exclusively in a cloud environment

Business process and technology alignment utilising the benefits of Google Cloud

  • Using Google Cloud Platform gave access to the full suite of available technologies to build an architectural framework that would deliver and efficient, scalable solution
  • Cloud Storage used as a staging area for all data entering the solution, Cloud Functions used to trigger a more meaningful notification of data arrival, Kubernetes engine used to run python code orchestration, BigQuery for data processing matches or exceeds existing SLAs
  • Cloud KMS utilised to secure data in the cloud, Cloud Datalab components used to monitor and manage the extract-transform-load (ETL) workflows and Data Studio for reporting / visualisation

Efficiency and scale, with a future-proof system that can help drive growth

  • The client is able to enjoy a solution that is cost-effective, flexible and highly available – able to efficiently cater for user demand at any time
  • The bank has an efficient infrastructure, allowing an agile approach in demonstrating how the systems across the entire bank will operate under various stressed scenarios
  • The project has delivered a significant reduction in development time compared with previous technology projects of this scale and is able to adapt easily to future requirements

To learn how your business can adopt our approach, please get in touch