Hazelcast Launches Cloud-Based Architecture for Financial Services Risk Management Applications

SAN MATEO, Calif., Feb.24, 2021 / PRNewswire / – Hazelcast, the rapid cloud application platform, releases a benchmark implementation that simplifies a financial services organization’s ability to perform and scale financial risk calculations in the cloud while gaining performance by real time and fully utilizing the heavy investment in resources. Additionally, Hazelcast is also announcing the availability of its managed service, Hazelcast Cloud Enterprise, on Google Cloud Platform (GCP), which was used as the environment for this benchmark implementation.

Credit Value Adjustment (CVA) is the financial measure of the risk for a given set of transactions if the counterparty defaults on its…

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