HSBC
Resources
Stakeholders
Finance Reporting
Global Finance Team
Senior Leadership Team
INtegrate Aptitude™ and Oracle Coherence.
Background
With an ambitious plan to deliver high quality fast data delivery to their daily data processing, HSBC undertook a ground breaking project to use in-memory data storage to hold Trade data and deliver it to a Sub Ledger structure to quickly process financial data into their General Ledger and reporting systems. A data grid of this magnitude didn't exist until this project came into being. Using an early version of Oracle Coherence the Data Services Layer project undertook to process HSBCs data on an unprecedented scale with unmatched performance for a Global Banking giant on which the sun never sets.
Impact
The Delivery the Data Services Layer architecture was a resounding success in terms of performance and delivery. With in-memory databases being an order of magnitude faster than a conventional disk based Database, the Coherence Grid was capable of vastly reducing data delivery times. Coupled with the Aptitude™ Accounting Hub architecture a powerful Financial Data processing system delivered large quantities of trade data in a timely and efficient manner to the Regulatory and Reporting function in a major global financial institution.