Initial project on operational risk reporting being demonstrated at Sibos (stand B052)

Geneva, September 30 … Aleri, the provider of vector-based high-speed data processing and business intelligence solutions and Capco, the first services and technology solutions company exclusively focused on the financial services industry, have formed an alliance to address the issues of speed, volume and the complexity of information in fast-changing financial markets. Today many banks struggle to integrate their data in a timely manner – an issue affecting regulatory reporting as well as meaningful management information. This partnership will provide a way forward using the ultra high speed of Aleri's vector engine together with the flexibility and analytical capability of business rules plus Capco's profound expertise in delivering innovative business processes to the financial community.

The first evidence of the partnership will be seen at Sibos, where Capco is demonstrating an Aleri-based solution to meet the reporting demands of operational risk management. Using risk categories from the Bank of International Settlement, the demonstration will address the aggregation of risk data from disparate sources, the ability to assess data on the basis of
predefined business rules and to report on a real-time basis.

The partnership draws together both companies' expertise in financial markets and reflects their belief that transformational technology is required to overcome the information barrier being experienced by many banks. The Aleri Information Engine allows companies to interrogate all their data, both historic and current, using business rules that can be amended in a metadata
environment. This delivers optimum flexibility to look at data from any perspective on demand.

Comments Stanley Young, Partner and co-head of Capco's global capital markets practice: "We are creating end-to-end, agile solutions which dramatically improve our clients' operational and financial performance as well as their risk profile. Aleri's technology changes the way information can be accessed and analysed. Reports can be delivered many, many times faster than has previously been possible and data can be analysed in greater depth using every piece of information that is available to the enterprise."

Adds John Mason, Aleri's senior vice-president, international operations: "This is a tremendous market opportunity for both our companies. Capco has the knowledge base and customer confidence which commands an immediate ear, while we have powerful software, providing the enabling environment for many of the business processes which Capco recommends. It’s a perfect match."

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