Google Leverages Kubernetes to Help Banks with Risk Models
The tech giant uses open-source tools to help firms ramp up computing power for complex risk calculations.
Google says it is using Kubernetes and other open-source technologies with a number of financial institutions to help them accelerate their risk calculations.
Adrian Poole, head of financial services for Google Cloud, says investment banks are concerned about how to scale up their computing resources for risk management as deadlines are approaching for the Fundamental Review of the Trading Book (FRTB).
FRTB, an initiative by the Basel Committee on Banking Supervision (BCBS), introduces a set
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