Wonga says it has created a computer programme, called an "automatic risk decision engine", which collates data from lots of sources about applicants before deciding on whether to sanction a loan.
The development of CUDA, a parallel computing architecture developed by Nvidia, the leading GPU company, in 2006-2007, changed everything, said Hanweck, who founded Hanweck Associates, to develop a low latency, real-time options analytics engine to price and manage risk for options using GPUs.
Whitmarsh said the MP4-19 was an evolutionary step forward from the MP4-18's design, but had a new engine and incorporated a lower degree of technical risk.