Asymptotix is a specialist Consulting Partner in Solution Architecture Design for Risk Management and IT-Project Resourcing. Asymptotix takes an agile, smart and hybrid (multidisciplinary) approach to IT Solution Design and Resourcing. In the Risk Management space we are focused upon Financial Predictive Analytics which we understand cannot be delivered without Solution Partnerships and the integration of expert resource from distinct domains. Asymptotix therefore works alongside experts throughout the engagement to optimise the implementation of client requirements, to ensure that they are fully understood and met at the lowest possible cost, in the shortest timescale without loosing sight of requirement scope.
Asymptotix provides risk management solutions for banks, namely high performance financial predictive analytics.
Asymptotix also provide IT resourcing, mainly for Microsoft, SAP and IBM platforms. Together with our main partners Asymptotix is capable to provide end-to-end solutions in several sectors beyond banking. We provide solutions for government, financial intermediation and logistics.
To successfully implement Financial Predictive Analytics (FPA) requires two distinct types of domain expertise (at least);
These two types of domain expertise do not in general reside conveniently in the same place. Therefore in pursuit of excellence in FPA; Asymptotix has a focus on Solution Partnerships.
Asymptotix.eu is a Community web site developed in Drupal, an open source platform of enormous depth and power to support the Community initiative. One line of our business is Open Source High Performance Predictive Analytics (OSHPPA) & to provide the ‘flying buttresses’ of that we carry four main blog themes; Risk Research, European Affairs, Markets & Regulation and Analytic Technology. These four blogs are consolidated into our mainline RSS feed available right at the base of the screen, although you can select each feed separately of course. We do hope that from time to time you actually return to our website and enjoy our ‘symbolic art’ and photography in the blogs.
Another line of business is Resourcing for Predictive Analytics, Data Management & Drupal development, we also provide general Resourcing services to our historic & local Luxembourg clients (and new ones too); there is one blog for IT Jobs and one blog about Resourcing in general.
The community initiative is very dear to our hearts, we understand it, we think; we have worked hard at it and it helps that our main business line is predicated upon an Open Source toolset in harness with our intellectual property asset management being supported in open source also (Drupal). We are Open Source and Community advocates (like DIVAs, only more alpha); we understand website development for this purpose and now we are initiating a blog to share our ‘scar tissue’ and visions in this domain.
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John A Morrison is a Solution Architect in Risk Management. He is Director, Solution Partnerships of Union Legend (Asymptotix) and an advisor to REvolution Computing. He has published in December 2008 an important White Paper that is downloadable on our website. This is a White Paper about "Economic Capital", i.e. the amount of capital which a Financial Institution needs in order to survive in a worst case scenario.
Asymptotix, a specialist in Risk Management solutions architects, is pleased to announce it is partnering with market leading software provider FRSGlobal (www.FRSGlobal.com), and IPL (www.IPL.com), an IT services company specialising in the delivery of intelligent business solutions, to launch a complete solution to the Banking sector for achieving PS 09/16 liquidity reporting requirements.
Léo Apotheker, SAP’s chief executive, resigned on Sunday night in a management reshuffle at the world’s largest business software maker.
The company said Mr Apotheker would be replaced with Bill McDermott, head of field organisation, and Jim Hagemann Snabe, head of product development, in a joint-CEO structure.
Eurozone governments have borrowed a record €110bn from the markets so far this year, forcing up borrowing costs for those countries with the weakest public finances as they pay a heavy price for their ballooning debt levels.
Investors warned that the yields, or interest rates, they will demand to lend to Greece and other peripheral economies, such as Portugal, Spain, Ireland and Italy, will continue rising until they are convinced they have put their finances in order.
US war on banks coming to UK next week. President Obama's pledge on Thursday afternoon to end the "excess and abuse" and a "binge of irresponsibility" in the financial system, shook shares in banks.
UK's critique fails to address basic infrastructure challenges for banks and regulators.
Following questions from market operators regarding the possibility for banks which are the subject of pending European Commission investigations regarding the grant of restructuring aid to repay bonds before maturity, the Commission would like to recall that its Communication on restructuring aid to financial institutions of July 2009 sets out that "banks should not use state aid to remunerate own funds (equity and subordinated debt) when their activities do not generate sufficient profits”.
The Formula That Killed Wall Street - The Gaussian Copula - Wired - Felix Salmon (Updated) The reference of this post is an article is from Wired magazine, it's by Felix Salmon, who you might know from Seeking Alpha, the article is interesting in its depth (it has none!).
The article is being commented on LinkedIn this morning but it reflects a zero level understanding of the Gaussian Copula (the subject of the article), which then maybe reflects why "the wizards of wall street" got it so drastically wrong, its nothing to do with the technique, its just that they did not understand 1) what it is for and 2) how it does what it is for. Certainly the WIRED article reflects no understanding of either in a parable about a kindergarten (says all that is necessary, really).
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