A Modern, Scalable Risk System Architecture

By Burkhard Kloss

Banks have always invested heavily in technology, and, in the past, have often pushed technical boundaries in an effort to measure their risks better and more quickly. But what looked like big, modern system in the early 'naughties is now dwarfed by cloud technology, and banks are hampered by the crippling technical debt of decades invested in legacy systems and libraries.

Even some of the more radical new systems are seem to be merely updated implementations of ideas first pioneered in the 80s.

What would a scalable financial risk platform look like if it was started from a clean slate, with modern tools and software engineering techniques? This talk looks at architectural principles, prototypes, problems and solutions.