6 DECEMBER 2022 –Numerical Technologies (“NumTech”) launched a financial risk management database as a SaaS (Software as a Service).
NumTech has been providing consultation and tools to generate the input data needed for its risk management solution during its implementation. The generation of input data which includes a variety of parameters is a very important task for any risk management system. On the other hand, systemizing this process requires specialized knowledge and it is highly customized for each company. Because of this, subsequent maintenance can be difficult for third-party IT vendors without risk management knowledge after deployment, and place a significant burden on users.
In response to this issue, NumTech has started to offer a risk management database as SaaS that includes an ETL (Extract Transform Load) tool to generate input data for NtSaaS®.
This SaaS database has already been proven at several financial institutions, including Marubeni Corporation. The advantage for customers is that they can receive consistent support from NumTech, from data generation to risk measurement. The SaaS database eliminates the ETL tool maintenance issues within the user departments and relieves users from the burden of modifying ETL tools when NtSaaS versions are upgraded or when new target financial products are added. In addition, since it is provided as a SaaS product, users can concentrate on their risk measurement operations without needing to handle server upgrades or system operations by themselves.
NumTech Japan is in charge of organizing business requirements and logic, while NumTech Singapore implements business logic, develops the database, and builds the SaaS infrastructure on the public cloud AWS (Amazon Web Services).
NumTech is committed to expanding this service so that customers can conduct risk measurement operations more efficiently and stably.
