Zurich, Switzerland, July 8, 2005 -- Teradata, a division of NCR Corporation, and IRIS, the provider of the leading riskpro™ integrated financial analysis software for enterprise risk and profitability management, announced today a new partnership to help financial institutions worldwide more effectively manage risk and profitability across their enterprise.
The combined capabilities of these two organizations will deliver a scalable and high performance enterprise risk and profitability analytic solution with consistent results over the total enterprise. Teradata is the world’s leader for enterprise data warehousing and enterprise analytics. The riskpro™ analysis infrastructure from IRIS is built around a unique contract centric data model and standardized calculations with a structure allowing to satisfy current and future analysis requirements. In the integrated solution all analysis results can be exploited with the unique and powerful Teradata analytical database engine. Areas covered by this integrated solution include Asset and Liability Management (ALM), Market Risk, Credit Risk, FTP, Performance, Dynamic Simulation, Basel II and IAS 32 & 39.
This integrated contract centric approach to financial risk and profitability analysis combined with the high performance of the Teradata® warehouse provides a range of near term tactical benefits, like solving for Basel II or IAS 32 & 39 while establishing the foundation for an efficient and consistent enterprise-wide financial analysis infrastructure for a global strategic economic capital management platform.
Dr Jürg B Winter, Managing Director of IRIS AG said “The integrated contract centric approach to financial risk and profitability analysis of IRIS AG combined with the high performance, parallel architecture of the Teradata warehouse and analytics is a unique opportunity for large banks to get total transparency down to the single contract about the total activity, at reasonable cost, fast and with no risk. It provides a range of near term tactical benefits, like solving for Basel II or IAS 32 & 39 while establishing the foundation for an efficient and consistent enterprise wide financial analysis infrastructure for a global strategic economic capital management which will set new analysis standards.”
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