A tier 1 American bank wanted to build a new FRTB calculator from scratch. emagine deployed a team of Python development consultants to partner with them.
With regulatory compliance an essential element within the industry, it was vital for us to understand the team’s legal and internal requirements, and ensure usability and alignment with data needs.
Actions and outcomes
Before starting on site, we conducted a deep dive analysis with our client to understand and diagnose the problems and expectations for delivery. We assembled a highly customised team of experienced Python consultants with complimentary experiences in financial services and FRTB-related activities.
Python was chosen as the strategic development language as it is a concise language to solve business, mathematics and data science problems. This is backed up by the open community for statistics and machine learning as well as many major top-tier banks who employ Python for their risk systems.