19 June 2018
Visit www.gemalto.com

Platform upgrades Symphony

03 December 2007  |  2018 views  |  0 Source: Platform Computing

Platform Computing announced the next version of its financial services software Platform Symphony 4.

This solution drastically lowers the barrier to adoption of High Performance Computing (HPC) in the Financial Services Industry. Platform Symphony 4 is focused on delivering the software capabilities to financial organizations to rapidly and easily achieve application performance. In addition, Platform Symphony 4 is launching an online community giving developers free access to the Symphony Developer Edition with no restrictions and no time limits.

The Financial Services Industry uses HPC infrastructure software to allow them to develop and run mission critical compute and data intense applications across a grid. Platform Symphony 4 offers a powerful solution to easily develop and deploy service-oriented HPC applications that can run five to ten times faster than other solutions currently available. This environment supports the demanding requirements of key business processes such as intraday risk calculations, pre-trade pricing and end-of-day value at risk calculations.

Platform Symphony 4 is highly scalable and can support many applications across the front, middle and back office. It enables the running of a single application on a small cluster, up to hundreds of applications sharing tens of thousands of multi-core nodes.

Platform Symphony 4 also facilitates a utility service model which is fundamental to the easy sharing of valuable IT compute resources within an organization. These sharing environments achieve the highest resource utilization possible and drastically reduce costs and energy requirements in the data center while ensuring service levels. Platform Symphony 4 reduces the complexity in managing a shared pool of resources, enabling enterprise-class resource sharing and availability.

"With Platform Symphony 4, Financial Services companies can build grid-ready applications quicker and at a lower cost. This is extremely important to the mission critical banking environment where the improved management of risk will result in competitive advantage," said Jingwen Wang, Vice President Products, Platform Computing. "Through our product and community activities, Platform is committed to making it as easy as possible for companies to build and deploy models for the grid."

Platform Symphony 4 will be available in January 2008.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit www.aciworldwide.com

Who is commenting?

A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: Monzo launches bill tr...

Top topics

Most viewed Most shared
10,000 jobs could be lost to robots says Citi10,000 jobs could be lost to robots says C...
48897 views comments | 44 tweets | 35 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
10715 views comments | 9 tweets | 32 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
9589 views comments | 30 tweets | 26 linkedin
HSBC promises $17bn investment in technologyHSBC promises $17bn investment in technolo...
8451 views comments | 8 tweets | 21 linkedin
NatWest taps Open Banking for cardless online paymentsNatWest taps Open Banking for cardless onl...
8104 views 11 comments | 12 tweets | 12 linkedin

Featured job

Six-Figure Base + OTE + Benefits
London, UK

Find your next job