Information technologies, Micro-services, Information decision support system, Cloud technologies, Financial risks, Risk management system


Background. The modern financial systems at the global level cover all aspects of human activities and make a significant impact on other types of systems. They are characterized by the high sensitivity to political and social influences, various types of risks, and therefore require modern tools for modeling, estimation and forecasting risks.

Objective. Development of an information technology architecture for risk analysis, assessment and forecasting which can be implemented in the form of information decision support system, cloud technologies and micro-services.

Methods. Application of client-server architecture for development of information technology for financial risk management, the creation of new information technologies and an expanded decision support system for timely analysis, dynamic estimation, forecasting and risk management in financial systems.

Results. Extended information technology and generalized information support decision support system as a system of financial risk management in the form of client-server architecture; and separate applications in the form of micro-services and cloud services for integration into existing and functioning information system for risk management.

Conclusions. Providing efficient tools for risk assessment and forecasting allows financial companies to allocate financial resources more efficiently, predict various financial risks (their degree and probability) by data mining methods and minimize their effects by applying insurance and hedging. It is highly successful today to use such information technologies based on micro-services while they allow increase the functionality and expand existing risk management system possibilities at respective enterprises thanks to adding and integrating necessary functionality in the form of specific services.

Author Biographies

Nataliia V. Kuznietsova, Igor Sikorsky Kyiv Polytechnic Institute

Наталія Володимирівна Кузнєцова

Petro I. Bidyuk, Igor Sikorsky Kyiv Polytechnic Institute

Петро Іванович Бідюк


M.Z. Zgurovsky and N.D. Pankratova, System Analysis: Problems. Methodology. Applications. Kyiv, Ukraine: Naukova Dumka, 2005.

N.V. Kuznietsova, “Financial risk management with informational risks’ accounting”, Data Recording, Storage & Processing, vol. 20, no. 1, pp. 30–39, 2018.

V.A. Vasiliev et al., “Mathematical models of valuation and management of financial risks of economic entities”, Audit and Financial Analysis, no. 4, pp. 200–237, 2006.

F. Burstein and C.W. Holsapple, Handbook of Decision Support Systems. Berlin, Germany: Springer-Verlag, 2008.

L. Casolaro and G. Gobbi, “Information technology and productivity changes in the banking industry”, Economic Notes, vol. 36, no. 1, pp. 43–76, 2007. doi: 10.1111/j.1468-0300.2007.00178.x

C.W. Hollsapple and A.B. Winston. (1996). Decision Support Systems. New York: West Publishing Company, 1996.

O.M. Trofymchuk et al., “Decision support system for implementing systemic approach to forecasting”, Int. J. Comp. Technol., vol. 14, no. 5, pp. 5769–5778, 2015.

N.V. Kuznietsova and P.I. Bidyuk, “Systemic approach to estimation of financial risks”, in Proc. Int. Conf. Informatics, Mathematics, Automation, Sumy, Ukraine, 2015, pp. 46–47.

A.I. Rolik et al., “Management of the level of services in the Internet system of things with microarchitecture architecture”, Bulletin of the NTUU KPI. Informatics, Management and Computing, no. 65, pp. 110–117, 2017.

Hyper-V Technology Overview [Online]. Available:

S. Almazov. NET Core: How Microservices Work in Containers [Online]. Available:

S. Telenyk and M. Bukasov, “Data center resource management for SAAS”, Technical Transactions Electrical Engineering, 3-E, pp. 229–235, 2016.

SAS Viya [Online]. Available:

vSphere Hypervisor [Online]. Available:

Cloud Technologies for Earth Users [Online]. Available:

P.I. Bidyuk and N.V. Kuznietsova, “Probabilistic-statistical method for financial losses risks’ estimating”, Naukovi Visti NTUU KPI, no. 2, pp. 7–17, 2018. doi: 10.20535/1810-0546.2018.2.128989

N.V. Kuznietsova and P.I. Bidyuk, “Dynamic modelling of financial risks”, Inductive Modeling of Complex Systems, vol. 9, pp. 122–137, 2017.