"What Financial Cloud Should Be" - Patrick Kerpan, CEO at Cohesive Networks @pjktech
From CloudCamp Chicago's April 8 2015 event "fintech"
Hosted by Cohesive Networks
2. copyright 2015
About Me
• Currently CEO of Cohesive Networks, prior CTO of
CohesiveFT, GM and CTO at Borland Software.
• Previously MD of DerivativesTechnology CIBC, Global
Head of Financial Engineering Applications (trading, risk,
sales, pricing, maths, stats) for Swiss Bank Corp (now
UBS).
2
Background
3. copyright 2015
The Basics of FinCloud
• Prices
• Contract / Instrument specs (reference)
• Calendar Services
• Models
• Position DB
• All with APIs!
• Pay-as-you-Go
• So what’s out there?
3
18. copyright 2015
I guess I am looking for Hacker FinCloud
• API-first, data-first, objects-first,
services first
• Modeled after things like AWS Big
Data Sets, RDS, Pay-as-you-Go
instances, Marketplace Instances.
18
WHAT’S OUTTHERE?
19. copyright 2015
I guess I am looking for Hacker FinCloud
•Complete price transparency
•Comprehensive trials
19
WHAT’S OUTTHERE?
20. copyright 2015
I guess I am looking for Hacker FinCloud
• A “financial milieu”? Something you
can reach into and explore as opposed
to request what you know
• 5 smart guys, some credit cards, and
they can take on larger market
participants on a $for$ basis.
20
WHAT’S OUTTHERE?
21. copyright 2015
THANKS!
My takeaways from my lightning research
•Is there a market for true “cloudy” financial goods
and services? Doesn’t seem like it.
•Cartel pricing, old business models, and regulatory
structures that tend to favor large institutions over
financial entrepreneurs tilt the playing field.
•My FinCloud is probably coming, but the disruption
is probably 5+ years away.
21