| The financial services industry was an early adopter of complex event processing systems for algorithmic trading, cost analysis, and other related challenges. With Starview’s unique capability of pushing collaborative decision-making close to the source of events, financial services firms are now looking to Starview for more complex uses such as global risk analytics, fraud detection and global algorithmic trading. Sophisticated fault detection and systems management capabilities, predictive resourcing and load balancing, and KPI monitoring all play a role in expanding the use of event-driven solutions in this fast-paced environment.
Our solutions help financial services companies not only respond to current situations, but look forward to predict future states by analyzing and responding to events in real-time. With Starview, trends are identified early, enabling the organization to understand the operational state of the network in sufficient time to be proactive.
Some important applications of Starview technology include:
Global Risk Analytics
Financial services firms today need to compile information from multiple external sources in real-time. They look to Starview for the ability to go beyond standard Portfolio Analytics, with real-time decision processing based on multiple external sources. Starview provides the critical strength necessary for Global Risk Analytics: the ability to apply deep math for analyzing trends, whether just emerging or looking forward or backward in time. With the Starview federated architecture, financial services firms can now deal with huge volumes of data at the source, performing in-stream analysis and bringing back only the necessary solution set to provide actionable information when it is needed.
Fraud Detection
In financial services, fraud is not easy to detect after-the-fact. With millions of transactions a second, it is vitally important – and extremely difficult - to spot a trend before it becomes a problem. Starview brings the financial services industry real-time solutions that can detect and stop suspicious activities based on internal and external data, identifying atypical activity patterns regardless of the source. Starview can test and deploy various business rules, placing them into a simulated production environment to rapidly analyze potential fraud/compliance/governance issues in real-time, continuously. The Starview Fault Detection and Response system enables instantaneous analysis and reaction, creating alerts, notifications or instructions as needed. With this ability, financial services firms can minimize damage and maximize profits.
Global Algorithmic Trading
Effective Global Trading calls for much more than a simple Complex Event Processing (CEP) engine as a standalone system; it requires a federated architecture, to process multi-region information in real time. In addition, since this information is obtainable only in local areas, the processing must be done locally with the results brought back for further pre-trade analytics. For the first time, using Starview, it is possible to do global algorithmic trading across all global asset classes.
Network Monitoring and Management
The real-time, stream-based nature of a network makes it a prime candidate for monitoring by an event-based system. The Starview Smart Enterprise Platform can monitor network elements, analyze their behavior in real-time, and take action before incipient threats become major issues. Similarly, the Smart Enterprise Platform can form the basis for a system or network monitoring solution, tracking Key Performance Indicators and enabling split-second action based on rules.
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