Risk assessment refers to the processes required to quantify the likelihood and the scale of loss on an asset, loan, or investment. In investment banking, risk estimation and monitoring are of great importance as invalid models and assumptions could cause substantial capital losses. This was the case for several financial institutions in the 2008 financial crisis and the COVID-19 pandemic as well. Despite the recent hype for digitization in the financial industry, many companies lack accurate real-time risk assessment capabilities. This is due to the current practice of updating portfolios’ risk estimation only once in a day, usually overnight in a batch mode, which is insufficient for trading in higher frequency markets like Forex (FX). Surprisingly, this is still an open challenge for various banks