TD Securities,<\/a> part of TD Bank Group, required massive compute power to run its complex derivatives pricing application, so decided to transition to Azure to address performance complexity while also keeping infrastructure costs low. <\/p>\n\n\n\nThe Microsoft cloud provides capacity on demand, helping financial organizations optimize their use and achieve significant efficiencies as well as enabling them to be more ambitious in the way they model risk and potentially respond to change. <\/p>\n\n\n\n
Taking the Guesswork out of Managing Risk with Data, AI and Analytics<\/strong> <\/p>\n\n\n\nOf course, it\u2019s not enough to only focus on boosting compute capabilities.\u202f Financial services organizations need analytics to drive business performance, whether it be to improve capital management, reduce the cost of compliance, or quickly respond to market events. The changing nature of financial services requires analytics to surface the best information to inform on scenarios and business needs.\u202f\u200b <\/p>\n\n\n\n
Azure provides high-performance unlimited cloud compute to fulfill these needs with zero trust data privacy. With cloud-based solutions, financial institutions can run new methods of advanced analytics including new capabilities with AI and machine learning that can help teams react more quickly to various risks. For example, loan loss, credit and market risk management can require highly complex calculations that would take days to compute with legacy, on premise systems. But when it comes to risk, time is very much of the essence. Delays can cause banks \u2013and markets \u2013 real money. With Azure, banks can run models and calculations within minutes, leading to better, more-timely risk management strategies. <\/p>\n\n\n\n
Re-engineering Risk Operations and Reporting<\/strong> <\/p>\n\n\n\nFinally, regulatory expectations are higher than ever and the operational workload of compliance for financial institutions is significant. However, if data is accessible by the cloud, this process can be simplified, reducing the process costs and cyber risks of moving the data around. Digitizing eliminates paper and manual entry, which reduces risk, and automating outcomes and risk\u202fprocesses create better visibility and\u202freporting, allowing risk teams to focus on other priorities. <\/p>\n\n\n\n
A cloud-based financial services environment offers many benefits for organizations to manage risk and optimize financial crime prevention. The digital transformation of risk management alongside a trusted partner like Microsoft will become imperative for organizations to continually innovate and effectively manage the risks of today. <\/p>\n\n\n\n
For more information on how to impact risk management strategies with technology, check out the e-book Redefining Risk Management in an Era of Data and Disruption.<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"I think we can all agree that 2023 has been an interesting year for the financial services industry. The evolving global macroeconomic landscape of rising interest rates, inflation and volatility from geopolitical tensions has exposed the vulnerabilities and interdependencies of the world economy. These challenging circumstances, coupled with the recent collapse of major financial institutions<\/p>\n","protected":false},"author":826,"featured_media":8321,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"_classifai_error":"","footnotes":""},"categories":[217],"post_tag":[],"content-type":[],"coauthors":[435,442],"class_list":["post-8320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services"],"yoast_head":"\n
How the Microsoft Cloud Helps Banks Manage Risk\u00a0 - Microsoft Industry Blogs - Canada<\/title>\n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n