Risk Management Software

In order to simulate credit losses, a bank wants to develop a new software application. This application is to be used in every branch of the bank.

Without ILNumerics, the research and development department uses mathematical prototyping software to create a prototype. In the second stage, this algorithm is implemented into the new software application. To achieve the performance that is needed, the developers decide to use C++ and the whole algorithm has to be re-written from scratch. All future changes to the algorithm must be applied to both domains – separately, for each platform involved.

With ILNumerics, the research and development department designs the algorithm directly in .NET. Because of the excellent performance of ILNumerics, the same code can be used for the new software application. All future changes take little effort as they can be made directly in the application code. A single application is created. It runs on all platforms without modifications. This cuts costs by 50 per cent.