PolarLake Releases Risk Management Integration Solution

Supports rapid aggregation and distribution of risk data throughout the organization

Dublin, Ireland, 23rd June, 2005 - PolarLake, a leader in standards-based incremental integration, today announced the availability of a new industry solution bringing the benefits of Service-Oriented Architectures (SOA) to the risk management function within financial services organizations. The solution, built upon PolarLake’s leading Enterprise Service Bus (ESB) technology, enables risk management integration solutions to be delivered in a more cost-effective, flexible and timely manner than previously possible.

PolarLake’s risk management integration solution improves the collection and distribution of risk-related data throughout the organization. The solution leverages standards-based integration technology, support for runtime data transformation between XML and non-XML formats, and the ability to configure and adapt complex delivery mechanisms for the distribution of risk data to end users third party applications.

The PolarLake solution enables organizations to create risk management integration solutions that integrate multiple diverse data streams – in order to support the calculation of risk positions - and then manage the delivery of this data to relevant systems and decision makers. The PolarLake solution provides:

Intuitive configuration tools supporting the ‘normalization’ of data by mapping non-XML into XML (or other) formats for seamless translation at runtime
Full configuration (not coding) of data model transformations, enabling data feeds to be adapted or added to the system quickly and easily
Full routing capabilities including support for content-based and publish and subscribe models

"Risk management is an area of vital importance for almost all financial services organizations – and the modern regulatory environment ensures that risk will remain at the top of the agenda," said Ronan Bradley, CEO of PolarLake. "Whilst risk engines are able to calculate risk positions, many organizations continue to struggle with the management of inputs and outputs into and out of those engines. Multiple data formats and an ever-increasing diversity of ‘end users’ for risk data demand a modern integration solution capable of supporting the risk function in this diverse environment."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development