Technical Papers Vorlage
22. July 2024Finite Elements and Streamline Diffusion for the Pricing of Structured Financial Instruments
23. July 2024UnRısk Advance To Go
The document titled "Advance to Go" provides an overview of the development and deployment of the UnRısk FACTORY 1.0, a comprehensive risk analytics platform designed by the UnRısk Consortium, a partnership between MathConsult and uni software plus. The platform, which had already been adopted by several European banks before its official release, is designed to provide robust, real-time risk analysis and valuation capabilities, particularly in response to increasing regulatory demands and market volatility.
UnRısk FACTORY 1.0 is described as a "bank-proof" solution that integrates advanced mathematical models with high-performance computing (HPC) to deliver fast, accurate results. The platform is optimized for deployment on Dell hardware, featuring Microsoft software components, and is designed to be a turnkey solution for financial institutions that may not have extensive IT resources. This collaboration highlights the synergy between finance and HPC, offering a powerful tool for risk management that simplifies the deployment of complex computational tasks.
The document also touches on the future ambitions of the UnRısk Consortium, including the potential development of UnRısk DIRECTOR, a system that would automate the decision-making process by analyzing term sheets and selecting appropriate models and calibration environments. This vision aligns with the consortium's goal of continually advancing risk management technology to meet the evolving needs of the financial industry.
In summary, "Advance to Go" outlines the capabilities and strategic direction of the UnRısk FACTORY, emphasizing its role in enhancing risk management through advanced computing technology and the ongoing efforts to expand its functionality.