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TIBCO to Accelerate Cloud Adoption of Banking and Capital Markets Customers via Microsoft Collaboration

June 2016 by Coline Magne

TIBCO Software Inc. announced a collaboration with Microsoft Corp. that enables financial services industry customers to utilize cloud agility and scale to run infinite compute calculations for risk management and regulatory compliance demands.

This will empower customers to use TIBCO’s “HPC virtual super computer,” TIBCO DataSynapse GridServer® software, on the Microsoft Azure cloud platform. With the financial markets becoming increasingly electronic, clients are looking for agility to rapidly expand their compute capacities for risk, compliance, trading, and related business needs. Beyond daily calculations, emerging regulations such as the Fundamental Review of the Trading Book (FRTB) call for exponential capacity to analyze, compute and report to regulators. The alliance offers customers infinite capacity, virtually at the switch of a button, to expand their on-premises grids for regular risk business needs or for unforseen market events.

TIBCO has added new capabilities to GridServer® utilizing its powerful scheduler to dynamically allocate resources in the cloud based on urgency of calculation tasks, allowing it to manage grid overload, SLAs, and many other factors. This flexibility allows customers to tune their compute resources to match demand, avoiding the need to add on-premises resources to meet peak demand that might otherwise be under-utilized. TIBCO has also added support for GPU, a recent addition to Microsoft Azure, accelerating some calculations by two to three orders of magnitude. TIBCO is a strategic technology partner trusted by businesses around the world due to its broad mix of innovative products and services.

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