In the fast-paced world of banks and financial institutions, every second matters when it comes to effectively managing risks and maximizing profits. One key aspect that often goes unnoticed but holds great significance is their need to run daily risk simulations on billions of market and customer data.

The ability to analyze this massive amount of data in real-time and predict potential risks or opportunities is crucial for these institutions. By reducing computation time and enhancing the precision of simulations, banks can make more informed decisions and take timely actions.