AWS Podcast
#677: High performance computing in FSI
Jul 22, 2024
Alex Kimber, a principal technologist at AWS, discusses the use of high-performance computing in financial services for risk modeling. Topics include leveraging HPC for measuring credit, market, and actuarial risks, AWS services enabling HPC workloads, HTC Grid development, Lambda capabilities, optimizing HPC with AWS storage solutions, and navigating AWS services for financial services system re-architecture.
24:36
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Quick takeaways
- Financial firms leverage HPC for risk modeling to measure/manage credit, market, and actuarial risks.
- AWS provides HPC architectures like HTC Grid for massive scalability and performance optimization in financial services.
Deep dives
Use of High-Performance Computing in the Financial Services Sector
Financial services companies are utilizing high-performance computing (HPC) for risk modeling, including credit risk, actuarial risk, and market risk. By effectively modeling risk, these companies can better price their products, manage risks, and comply with regulatory requirements. The complexity of risk models requires extensive scenario calculations, such as Monte Carlo simulations, which benefit significantly from large-scale HPC systems.
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