Cloudera and Simudyne Offer Banks Advanced Simulation Solutions for Risk Management

Click to Tweet this:
1st computational simulation platform for big data now available. @Cloudera #MachineLearning and #Analytics + @Simudyne Advanced Simulation helps #FinServ model at massive scale: http://bit.ly/2qcDUhG
   
#RiskManagement, #CreditRisk, #StressTesting, #CustomerInsights

"With Cloudera Enterprise and our Shared Data Experience (SDX), we provide the identity management, security capabilities, policy enforcement and data governance that banks need for regulatory compliance. Financial firms can use our flexible machine learning platform to store more volumes of heterogeneous data than they could before and subject it to all sorts of different processing and analysis frameworks," said Tom Reilly, chief executive officer at Cloudera. "Combined with Simudyne, this modern approach to gaining insights and understanding risk helps financial institutions make better predictions and business decisions as economic scenarios emerge."

Financial firms are under pressure to grow their business while containing risk and complying with worldwide regulations. While existing analytics tools provide various measures of risk exposure, they are not able to fully consider complexities that exist in today's world. While banks have spent considerable time and resources meeting stringent regulatory requirements, there are still many shortcomings in the current risk modeling methods.

Simudyne's core technology is the only simulation platform certified to run on Cloudera Enterprise. With Cloudera's modern platform, financial firms can manage credit risk, enable scalable stress testing tools, drive better customer insight, and promote economic stability.

"Simudyne is ground breaking technology currently being leveraged across Barclays, and enables us to model multiple scenarios on huge data sets so we can understand our risk, exposure and options," said Jes Staley, chief executive officer at Barclays Bank.

Computational simulation is a key set of analytic tools that provide methods for studying a wide variety of models of real-world systems. With detailed simulations, banks can incorporate the complexities required to model the real world.

Agent Based Models (ABMs) are a critical new tool for researchers, risk managers, marketing experts, business executives, and policymakers because they provide a robust and holistic view of possible future outcomes.

"Using the power of Cloudera machine learning and Simudyne's computational simulation software, business leaders can now easily run 'what if' scenarios on their existing infrastructure," said Justin Lyon, chief executive officer at Simudyne. "Together, we offer financial services the first simulation toolkit that accurately captures complex feedback and amplification effects that give rise to systemic risk. This new approach addresses the issues created with single scenario analysis, including limited insight into the resilience of the financial system and the inability to capture nonlinear dynamics, knife edges of risk, and emergent phenomena."

The Cloudera and Simudyne Computational Simulation joint solution is currently available.

Additional Resources

• Learn more about the Cloudera and Simudyne Computational Simulation: solution brief and [gated] whitepaper
• Visit the Cloudera Solution Gallery for more information about Simudyne
• Register for the upcoming webinar, Extend Your Analytics Toolkit with Computational Simulations with featured speakers: Paige Bartley, senior analyst at Ovum; Justin Lyon, chief executive officer at Simudyne; and Richard Harmon, financial services industry leader at Cloudera

About Simudyne
Simudyne believes that all decisions of consequence should be subject to computer simulation. Our toolkit powers computer simulations that provide greater foresight into the future and enable radically better decisions.

Simudyne has built tomorrow's simulation platform: their technology allows businesses to understand the past by creating realistic models of the world from the bottom up. They can then explore their environment by testing all possible decisions in a safe virtual environment. Finally, they decide their future by leveraging the wisdom of computational simulation. Simudyne is already in use by Tier 1 banks looking to address challenges relating to stress testing, contagion risk and liquidity management.

www.simudyne.com
twitter.com/Simudyne

About Cloudera
At Cloudera, we believe that data can make what is impossible today, possible tomorrow. We empower people to transform complex data into clear and actionable insights. We deliver the modern platform for machine learning and analytics optimized for the cloud. The world's largest enterprises trust Cloudera to help solve their most challenging business problems. Learn more at cloudera.com.

Connect with Cloudera
About Cloudera: cloudera.com/more/about.html
Read our VISION blog: vision.cloudera.com/ and Engineering blog: blog.cloudera.com/
Follow us on Twitter: twitter.com/cloudera
Visit us on Facebook: facebook.com/cloudera
See us on YouTube: youtube.com/user/clouderahadoop/featured
Join the Cloudera Community: community.cloudera.com/
Read about our customers' successes: cloudera.com/more/customers.html
For information on Cloudera Enterprise and SDX: cloudera.com/products/sdx.html

Cloudera and associated marks and trademarks are registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

This press release contains forward-looking statements including, among other things, statements regarding the expected performance and benefits of Cloudera's offerings. The words "believe," "may," "will," "plan," "expect," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (SEC), including our Form S-1 Registration Statement, and our future reports that we may file with the SEC from time to time, which could cause actual results to vary from expectations. Cloudera assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.

SOURCE Cloudera, Inc.

Related Links

http://www.cloudera.com