SunGard Plugs The Future Of Banking Into A PS4

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The financial crisis may have sent many a corporate executive home without a job to languish the day away playing video games, but now those very gaming machines are heading into banking headquarters to solve a technological roadblock standing in the way of the banking industry’s future.

Steve Silberstein
Steve Silberstein

Wayne-based software giant SunGard has solved that problem by plugging banks into the power of gaming consoles like the PS4 — at least the powerful graphic processing units that handle the incredible data demands of modern video games. Rather than the less-powerful current industry standard CPUs, GPUs allow banks to run more complex calculations, like “up to 50 million credit risk valuations per second,” theTALLY reported recently.

SunGard is leading the way in integrating the use of GPUs into CPU-dominated bank IT infrastructure.

“It is very cost effective, and given the huge demands on the banks for risk management, the more effectively they can manage risk and optimize the use of capital, the better,” Chief Technology Officer Steven Silberstein said in the article. “It is critical to the (banking) world of 2014.”

Read more about how “banking stress tests meet Call of Duty” on theTALLY here.

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Top photo courtesy of theTALLY.

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