Incredibuild Revolutionizes Software Development for Financial Services with Speed and Efficiency
In today’s fast-paced financial landscape, the efficiency of software development is crucial for firms that rely on complex algorithms and trading strategies. Incredibuild, a leading acceleration platform designed for developers and DevOps teams, has emerged as a game-changer in this sector. The company recently reported significant performance improvements with its Incredibuild for Financial Services (FinServ), which provides remarkable reductions in software build times by up to nine times.
Financial institutions, ranging from trading firms to investment banks, usually execute thousands of software builds every month. This ongoing process is fundamental for creating and validating sophisticated financial models that support quantitative (quant) and algorithmic (algo) trading—key areas where speed and precision are paramount. Despite advancements in artificial intelligence and the introduction of best practices intended to facilitate quicker model development, traditional build times have remained a substantial bottleneck, especially in C++ programming, which is prevalent in financial services.
The Incredibuild platform offers a solution that allows FinServ DevOps teams to create, validate, and launch financial models with remarkable agility. This allows banks and other finance-related entities to keep pace with the rapidly changing market demands while ensuring compliance with stringent regulatory requirements. A notable success story involves a leading global financial institution that was able to reduce its build time from an exhaustive 25 hours to just 40 minutes—yielding millions in savings across compute resources both on-premises and in the cloud.
"Quant and algo trading require constant development iteration to refine model results and enhance trading effectiveness," stated Dori Exterman, Chief Technology Evangelist of Incredibuild. He emphasized that although many institutions have yet to harness their software capabilities fully, Incredibuild simplifies the integration process into existing development frameworks, thereby optimizing iterative model development and validation cycles. This newfound efficiency allows developers to react swiftly, promoting better trading decisions and maximizing potential returns.
The platform leverages patented shared build cache technology, which enhances performance by allowing teams to utilize previously stored build artifacts. This innovation can boost processing performance by as much as 500%, enabling a standard 32-core machine to operate as quickly as a 600-core cluster. This is particularly beneficial for remote developers, as the shared build cache system is primarily download-driven.
Incredibuild has gained traction among high-profile FinServ clients, including numerous Fortune 500 companies. Importantly, the platform does not necessitate any alterations to current development tools or workflows, underscoring its adaptability within any tech stack. The platform’s capabilities extend beyond finance, as evidenced by its widespread adoption across various industries, including automotive, gaming, health, and manufacturing.
Furthermore, Incredibuild contributes positively to environmental sustainability by reducing energy consumption and emissions tied to computing power. According to Bjarke Nikolaj Wedemeijer, COE Lead at Danske Bank, the integration of Incredibuild’s platform revolutionized their quantitative modeling efforts, enabling faster and more insightful decision-making processes that ultimately enhance client services.
The Incredibuild platform's compliance with ISO 27001 and ISO 9001 certifications guarantees top-notch data security and quality control in managing software projects. Incredibuild continues to fulfill its mission of accelerating every aspect of software development, with the strategic acquisition of Garden enhancing its capabilities for increasing efficiency across the entire DevOps lifecycle.
As the financial services industry grows increasingly competitive, tools like Incredibuild represent a vital asset for firms aspiring to leverage technology for greater speed and sophistication in software development. By eliminating traditional bottlenecks, Incredibuild is empowering financial institutions to optimize their operations and deliver superior services, effectively redefining the benchmarks for performance in software development.
Financial institutions, ranging from trading firms to investment banks, usually execute thousands of software builds every month. This ongoing process is fundamental for creating and validating sophisticated financial models that support quantitative (quant) and algorithmic (algo) trading—key areas where speed and precision are paramount. Despite advancements in artificial intelligence and the introduction of best practices intended to facilitate quicker model development, traditional build times have remained a substantial bottleneck, especially in C++ programming, which is prevalent in financial services.
The Incredibuild platform offers a solution that allows FinServ DevOps teams to create, validate, and launch financial models with remarkable agility. This allows banks and other finance-related entities to keep pace with the rapidly changing market demands while ensuring compliance with stringent regulatory requirements. A notable success story involves a leading global financial institution that was able to reduce its build time from an exhaustive 25 hours to just 40 minutes—yielding millions in savings across compute resources both on-premises and in the cloud.
"Quant and algo trading require constant development iteration to refine model results and enhance trading effectiveness," stated Dori Exterman, Chief Technology Evangelist of Incredibuild. He emphasized that although many institutions have yet to harness their software capabilities fully, Incredibuild simplifies the integration process into existing development frameworks, thereby optimizing iterative model development and validation cycles. This newfound efficiency allows developers to react swiftly, promoting better trading decisions and maximizing potential returns.
The platform leverages patented shared build cache technology, which enhances performance by allowing teams to utilize previously stored build artifacts. This innovation can boost processing performance by as much as 500%, enabling a standard 32-core machine to operate as quickly as a 600-core cluster. This is particularly beneficial for remote developers, as the shared build cache system is primarily download-driven.
Incredibuild has gained traction among high-profile FinServ clients, including numerous Fortune 500 companies. Importantly, the platform does not necessitate any alterations to current development tools or workflows, underscoring its adaptability within any tech stack. The platform’s capabilities extend beyond finance, as evidenced by its widespread adoption across various industries, including automotive, gaming, health, and manufacturing.
Furthermore, Incredibuild contributes positively to environmental sustainability by reducing energy consumption and emissions tied to computing power. According to Bjarke Nikolaj Wedemeijer, COE Lead at Danske Bank, the integration of Incredibuild’s platform revolutionized their quantitative modeling efforts, enabling faster and more insightful decision-making processes that ultimately enhance client services.
The Incredibuild platform's compliance with ISO 27001 and ISO 9001 certifications guarantees top-notch data security and quality control in managing software projects. Incredibuild continues to fulfill its mission of accelerating every aspect of software development, with the strategic acquisition of Garden enhancing its capabilities for increasing efficiency across the entire DevOps lifecycle.
As the financial services industry grows increasingly competitive, tools like Incredibuild represent a vital asset for firms aspiring to leverage technology for greater speed and sophistication in software development. By eliminating traditional bottlenecks, Incredibuild is empowering financial institutions to optimize their operations and deliver superior services, effectively redefining the benchmarks for performance in software development.
Topics Business Technology）
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