LBBW

Landesbank Baden-Wurttemberg

Overview

• Landesbank Baden-Wurttemberg (LBBW) a merger of 3 original institutions
• Developed a custom application that determines risk ratios using a Monte Carlo simulation to approximate profit & loss distribution

Challenge 

• Existing resources insufficient to support timely, efficient performance of data-intensive risk management application
• Integrates risk management processes ‘on the fly’ while remaining fully functional at all times to maintain service levels for users

Solution 

Platform LSF

Results

• Increased risk departments computing power by clustering into a single virtual resource
• Port applications on several computers without code modification
• Calculate in parallel vs sequentially accelerating calculations
• Effective utilization of resources saved 80% time for key compute-intensive processes and guaranteed high-quality results

“The banking and finance industry is predestined for grid computing solutions.  Our business processes can be parallelized and thus made faster and more efficient than ever before.  Thanks to Platform, we achieved time savings of 80 percent in our risk management processes.  Our risk assessments take significantly less time.  Another important criteria for our decision was the solution’s ease of use.  It was not necessary to make code changes to any of our applications.”

Dr. Peter Oellers,
Head of Risk Technology
LBBW