Banking Group Limited (âANZâ) has finalized the tender process for the replacement of its credit risk management system and IT&e's Razor product has been chosen as the preferred solution. Subject to finalisation of the contract terms, Razor is expected to replace ANZ's existing global risk and exposure management system. ANZ's decision has been made after an extensive evaluation of a number of products from international risk solution providers.
This significant assignment is a major win for IT&e and positions its new Razor Risk Management product at the leading edge of the credit risk product marketplace. IT&e and ANZ are finalising contract details.