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First Derivative
Born in the financial world, built to change your world.
Company Information
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Conpas Rating

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Overview

First Derivative | An EPAM Company is the world's largest fully dedicated Capital Markets consulting firm — deploying pioneers, engineers, and solutioneers to solve the toughest operational, data, and technology challenges in global financial markets.

Groups

Number of Employees

1,001-5,000

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Services Provided

Consulting

Capabilities
Industries
Serviced Businesses
Footprint
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Regions

Asia, Europe, North America, Oceania,

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Countries

Australia, Canada, Hong Kong, Ireland, Japan, Poland, Singapore, Spain, United Kingdom, United States Of America

Additional Information
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Year of foundation

1996

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Structure

Privately Held

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Industry

Financial Services

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Offerings

Problems we solve

The Toughest Challenges in Capital Markets — Solved

Capital markets firms face a convergence of pressures that are simultaneously operational, technological, regulatory, and strategic — and most consulting firms are equipped to address one dimension at a time. We are built to solve them all together. When institutions are struggling to modernise legacy trading infrastructure, we re-engineer platforms on Calypso, Murex, and KX without disrupting live operations. When data is siloed, slow, or unfit for decision-making, we design and implement data architectures, engineering pipelines on Snowflake and Databricks that deliver insight at the speed the market demands. When firms need to move to the cloud but cannot afford the risk or cost of a poorly managed migration, our cloud enablement and Total Cost of Ownership practice make the transition controlled and cost-efficient. When regulators are tightening their grip — on financial crime, AML, trade surveillance, cyber threats, or compliance reporting — we provide the domain expertise and technology capability to keep firms ahead of enforcement. When programmes are stalled, over budget, or lacking the governance to deliver, our PMO as a Service and Project to Product capabilities restore momentum. And when firms are trying to harness AI responsibly — whether through generative AI, AI-native engineering, or machine learning — without introducing new risk, we provide the frameworks and talent to make it real. From sub-millisecond event processing to enterprise-wide digital transformation, if it is complex, mission-critical, and capital markets specific — this is exactly what we are built for.

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Consulting Solutions By Capability

AI-Native Engineering

Engineering services to build AI-first solutions natively into capital markets systems and processes. Delivers cloud-native AI application architecture, development, deployment, and integration of AI-first systems across trading, risk, and operational platforms.

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Cloud Enablement

Helps capital markets firms migrate, optimise, and modernise their technology infrastructure on cloud platforms. Encompasses cloud architecture design, deployment, and operational optimization across AWS, Azure, GCP, and hybrid environments.

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Cyber Security

Consulting services to help financial firms assess, strengthen, and manage their cyber security posture and resilience. Covers cyber risk assessment, security architecture, incident response, threat management, and resilience planning.

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Financial Crime

Advisory and implementation services to combat money laundering, fraud, and other financial crime risks in financial institutions. Delivers anti-money laundering programmes, know-your-customer frameworks, transaction monitoring, sanctions screening, fraud detection, and regulatory enforcement response.

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Financial Regulation

Consulting services helping firms navigate and comply with evolving financial regulatory requirements and obligations. Supports regulatory interpretation, impact assessment, policy implementation, and stakeholder engagement across financial services regulations.

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Generative AI

Advisory and engineering services to integrate generative AI capabilities into financial services workflows and products. Supports generative AI strategy, use case identification, model selection, implementation, and workflow integration.

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PMO as a Service

Provides programme and project management office capability as an outsourced service to financial institutions. Delivers PMO governance, controls, reporting, and ongoing management of project and programme portfolios on a managed services basis.

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Project to Product

Advisory service helping organisations transition from project-based delivery to a continuous product-oriented operating model. Guides organizational structure, governance, delivery cadence, and capability transformation required to shift from project management to product management mindsets and practices.

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Regulatory Compliance

End-to-end regulatory compliance and reporting services for capital markets firms facing complex compliance demands. Delivers compliance programme design, control testing, regulatory reporting automation, and ongoing compliance assurance.

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Responsible AI

Consulting services to help firms design and deploy AI systems that are ethical, transparent, and compliant with governance standards. Delivers AI governance frameworks, bias detection and mitigation, model validation, and responsible AI design practices.

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Sustainable Finance

Advisory services helping financial institutions integrate ESG factors and sustainable finance frameworks into their operations. Supports ESG strategy development, sustainable product design, impact measurement, and sustainable finance governance.

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Total Cost of Ownership (TCO)

Advisory service helping financial institutions analyse and reduce the total cost of ownership of their technology and operations. Delivers systematic cost analysis, benchmarking, and optimization strategies across technology spending and operational infrastructure.

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Trade Surveillance

Consultancy and implementation services to help firms detect, monitor, and report on market abuse and trading anomalies. Supports market abuse regulation compliance, suspicious activity detection, and regulatory reporting obligations through surveillance framework design and execution.

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