Thursday, December 18, 2008 at 10:21AM
Every day brings news of either more failures of the financial systems or out-right fraud, with the $50 billion Bernard Madoff Ponzi scheme being the latest, breaking all records. This post provide a technical overview of a solution that was implemented for one of the largest banks in China. The solution illustrate how one can use Excel as a front end client and at the same time leverage cloud computing model and mapreduce as well as other patterns to scale-out risk calculations. I'm hoping that this type of approach will reduce the chances for seeing this type of fraud from happening in the future.