FinTech Success Stories

OpenTeams Open Source Architects help companies architect solutions and lead technology teams to deliver business results. You can hire an OSA to help you design, pilot, and grow a technology project or add an OSA to your team to help you solve and architect a challenging technical problem.

A Top Five Financial Institution Problem

One of the top five financial institutions in the world had risk models that took a week to run and they were struggling to meet compliance in current expected credit losses (CCEL) and comprehensive capital analysis and review (CCAR). Their internal teams had been unable to accelerate their SAAS-based models to meet requirements.

Solution

OpenTeams Open Source Architect updated their risk model to run on Python and utilize fast numerical libraries like NumPy and Numba. The ESA also moved the model to a high-performance deployment on computation clusters using PySpark

Outcome

The result was over 100X improvement in computational speed allowing the client to meet regulatory requirements. The tools and techniques introduced by Quansight have since been adopted widely within the company.

Technologies Used

Choose The Right Architect For Your Project

Access Our Global Network

Our network offers a deep bench of open source architects that can help you develop innovative software solutions.

world-map.png
1
9
2
7
5
8
6
3
4
Talk To An Expert

Committed to your success with open source. OpenTeams is your easy point of access to a range of services from our open source expert network, from commercial open source support to open source training, staffing & recruiting services, and more.

Twitter Facebook Youtube Linkedin Envelope
Resources
OpenTeams

© 2024 OpenTeams. All Rights Reserved. 

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .