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Transforming Risk Query Capability -- Cutting Build and Execution Time From Weeks to Minutes
LONDON, UNITED KINGDOM --(Marketwired - March 22, 2016) - Violin Memory®, Inc., (NYSE: VMEM), a global pioneer of award-winning all-flash storage platform solutions for primary storage and active workloads, and Stream Financial today announced the launch of FlashSync. The Data Portal Appliance will provide the most advanced industry solution to achieve ultra-high performance access to and interrogation of multiple data sources using a single schema.
FlashSync has been designed to address a range of use cases in Financial Markets including intra-day risk management; BCBS239 reporting; internal & external stress testing; VaR aggregation; contingent liability modelling; and crisis reporting.
The solution comprises Stream Financial's Data Fusion federated query software running on high performance servers, accelerated with Violin Memory's enterprise Flash Storage Platform solutions.
FlashSync is unique in what it offers to investment banks, with live data from existing databases being accessed, data lineage can be fully tracked and firms can leverage their existing investment in data platforms, rather than having to build new application or regulation-specific data warehouses based on replicated data.
By adopting this solution, banks gain extremely high performance access to relevant subsets of distributed data sources, allowing them to query operational systems directly without impacting the performance of those systems.
Stephen Taylor, CEO of Stream Financial, commented, "Where firms have previously spent weeks building new queries, we are able to build multi-source queries on demand, enabling ultra-fast aggregations to be performed on billions of rows of granular data from disparate golden data sources through a single portal." He added, "Interrogating the data is exponentially faster -- minutes instead of days -- or seconds rather than hours."
Tony King, Financial Services Sales Manager at Violin Memory, says, "Violin's all flash array solutions have been deployed globally in some of the most demanding customer environments. This kind of packaged solution benefits massively from Violin's high performance capability." He added, "FlashSync is a great example of the type of solution that will enable financial services companies to effectively manage some of the most critical compliance and regulatory challenges. We are very excited to be an integral part of this ground-breaking offering".
To find out more or request a demonstration of the capabilities of FlashSync, please visit http://www.violin-memory.com/FlashSync/
About Violin Memory
Business in a Flash. Violin Memory, the industry pioneer in All Flash Arrays, is the agile innovator, transforming the speed of business with enterprise-grade data services software on its leadership Flash Storage Platforms™. Violin Concerto™ OS 7 delivers complete data protection and data reduction services and consistent high performance in a storage operating system fully integrated with Violin's patented Flash Fabric Architecture™ for cloud, enterprise and virtualized business and mission-critical storage applications. Violin Flash Storage Platforms are designed for primary storage applications at costs below traditional hard disk arrays and accelerate breakthrough CAPEX and OPEX savings while helping customers build the next generation data center. Violin Flash Storage Platforms and All Flash Arrays enhance business agility while revolutionizing data center economics. Founded in 2005, Violin Memory is headquartered in Santa Clara, California.
For more information - http://www.violin-memory.com/FlashSync/
About Stream Financial
Stream Financial provides solutions to complex business problems using its DataFusion product to provide high performance and scalable data virtualization.
For more information - http://www.stream-financial.com/