Alexander Sokol, CompatibL’s Executive Chairman and Head of Quant Research, took part in a Q&A session on cloud computing in finance.
The questions touched on how remote working has affected the use of cloud computing during the Covid-19 crisis, how companies can reduce costs with cloud transition, cloud security risks, and the main cloud migration challenges the financial sector is still facing.
About CompatibL Technologies LLC
CompatibL is a software vendor specializing in risk, limits, and regulatory capital. We provide a unique blend of quantitative and engineering expertise combined with an award-winning risk platform. Our customers are some of the most respected firms in the financial industry including four major derivatives dealers, 3 supranationals, over 25 central banks, and 3 major financial technology vendors.
CompatibL started operations in 2003 with a project to implement a real time limit management application for a major US bank. The system went live in the beginning of 2004 in New York, London, and Tokyo, and remains in production today. Over its 17 year history, CompatibL remained independent and free of pressures that come with venture capital and outside shareholders. We only answer to our customers, and nobody else.
Today, CompatibL employs over 300 people whose only focus is trading and risk management. Unlike some of our competitors, we do not do social apps, video games, websites, or logistics. We do one thing only, and do it well.