QRNGs in BFSI – Risk & Compliance
Banks, financial and insurance institutions have to ensure compliance with some of the most demanding IT requirements. Real-time availability of data as well as an increased need for faster and better simulation results.
Quside’s unique Quantum Random Number Generator chipset and module technology utilizing Randomness Metrology and Randomness Acceleration can allow for performance increases between 5x & 10x for the following types of financial applications & algorithms
- Monte Carlo Simulation
- Risk to Value optimization
- Financial Portfolio Management prediction
- Option Pricing & Derivativ Risk Management
- Intra-Day Counterparty Risk Management
What do we mean by "protect" the data or data security? There is a complete set of processes and practices created to protect the data for all the types of data security and all of them apply to the three core components of data security: Confidentiality, Integrity and Availability.
Banks and financial institutions are a vital part of today's economy. In a sense, they act as the circulatory system of the productive economy, transferring capital to where it is most needed and thereby enhancing society's economic growth and welfare.
The need for secure communication is as old as we can recall. The first cryptographic device used by the Spartans is dated circa 600 BC. Cryptography is the science of encoding a message, containing confidential information, so that only the recipient can read it.