- Industry Software Leaders to Highlight New Solution's User-Customizable Cockpit for Financial Institutions at Free Web Seminar -
LONDON and NEW YORK, NY, May 2, 2006 - Quadrant Risk Management
(International) Limited, a leading worldwide risk management solution provider that enables financial institutions to implement best practice approaches for improving risk management strategies while addressing increasing regulatory requirements, and Ecensity Corporation, an innovative provider of SOA-enabling presentation technologies for the financial services market, have entered into a strategic partnership to deliver the Quadrant B-Squared Desktop, a user-customizable cockpit for enterprise-wide capital reporting, risk analysis and control.
Powered by Ecensity's Enterprise Presentation Server (EPS3), the new solution provides an intuitive information visualization interface that complements the power of Quadrant's B-Squared enterprise risk data repository to give banking customers worldwide a highly granular view of risk across the enterprise. The new solution will be highlighted at a free industry web seminar entitled, "Convert Mandatory Compliance Initiatives into a Strategic Advantage."
The web seminar will be hosted by Jeanne Capachin, Financial Insights Research Vice President, Global Banking and will be presented live by Paul Lockyear, Chief Executive Officer of Quadrant and Larry Wienszczak, Executive Vice President of Ecensity. The seminar will take place on Thursday, June 1, 2006. Attendees will learn how to utilize existing assets to effectively manage risk and ensure regulatory compliance to deliver financial results in a dynamically changing marketplace.
Quadrant has decades of experience helping banking clients develop and Implement cost-effective strategies to quantify and manage risk positions, document policies and processes, address evolving compliance requirements such as Basel II and maximize risk-adjusted asset utilization. Ecensity has a track record of success in helping organizations accelerate creation of composite applications that provide users with heterogeneous functionality and data that can be re-assembled, as needed, to address changing business requirements. By making it possible to construct interactive applications from service-enabled "building blocks" or presentation services, Ecensity's
EPS3 technology enables rapid assembly and re-assembly of presentation services to provide the precise information and control needed by every level of user.
"We are very excited with the flexibility of analysis and control that the B-Squared Desktop brings to our customers," said Quadrant CEO Paul Lockyear.
"Our B-Squared platform captures an integrated, correlated view of an organization's investments, across all asset classes. The new B-Squared Desktop brings this massive data set into focus, enabling customers to identify predictors of loss events or market movements and to take and implement informed decisions based on alternative risk/return options."
Sam Bengio, Ecensity Chief Executive Officer, commented on the relationship's benefits to joint customers. "The B-Squared comprehensive model combines and correlates data covering operational, market and credit risk under one umbrella. The B-Squared Desktop is the result of joining Quadrant's in-depth knowledge of financial institutions with Ecensity's expertise in building highly productive, user-centric application interfaces. The impact is that customers can fully capitalize on the data at hand to identify and act on revenue-positive opportunities."
Built on Ecensity's EPS3, the B-Squared Desktop's interface, interaction, and functionality can be readily customized to meet various user needs and preferences. Customization does not impact any underlying presentation services so business people can make many of the interface changes on their own. "This provides a tangible benefit for ASP users," added Mr. Bengio.
"ASP customers do not have to accept a 'one-size-fits-all interface'. They can tailor the interface to meet their specific requirements as they evolve."