Abbey National Treasury Services (Ants) has gone live with a peer-to-peer computing system from New York-based DataSynapse that leverages spare computer capacity to increase the speed and reliability of risk reporting applications.
Ants, part of the UK's Abbey National Group, is using DataSynapse's LiveCluster software to harness computing resources for risk management and reporting applications in the bank's financial products division. The first deployment of the technology has taken place on the credit derivatives desk for risk calculations.
"As Ants expands further into complex derivative products, we place greater reliance on models for production of our risk data," says John Hasson, IT director, Ants. "LiveCluster provides us with a scalable and cost efficient platform for producing this data with minimal support overhead. To date, we have added internal applications to this infrastructure with relative ease; real business benefits are now being realised."