Hot on the heels of its reference data deal with Dresdner Bank (Reference Data Review, January 2004), IBM this month launched a suite of data management solutions designed to cater for institutions seeking to comply with the Basel II operational risk regulations. The new suite – with the snappy name of Risk & Compliance-Basel II Information Management – is a combination of IBM hardware and software, including the IBM Banking Data Warehouse and the DB2 Universal Database. The suite also reportedly includes middleware from Ascential and is priced at $350,000 at entry level. The system aims to allow financial institutions to draw on data from multiple repositories in multiple formats in order to meet the requirements of the Basel II framework. IBM reckons the platform has other applications as well: the system “provides banks with a multipurpose framework to subsequently adopt other specific solutions for a variety of regulations, such as Sarbanes-Oxley, anti-money laundering regulations, and international accounting and financial reporting standards,” which would appear to give it appeal beyond the European banking community, the group most affected by Basel II.
A-Team Insight Blogs
Date: 16 March 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU...
A-Team Group’s Data Management Summit USA Virtual kicked off today with a hugely insightful live practitioner innovation keynote followed by two live, and lively, Q&A sessions packed with audience questions and answered by the day’s expert keynote and panel speakers. Andrew Delaney, president and chief content officer at A-Team, hosted today’s live sessions of the...
The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.
Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...