The firm will deploy QlikTechâs market leading1 in-memory associative business intelligence software QlikView on a number of projects, including a major risk integration initiative for a European bank.
John Collins, risk partner at Rule Financial with over 20 yearsâ experience in capital markets and leader of the bank project, commented: âOur banking clients are facing unprecedented pressures and effective risk management techniques and infrastructure are central to dealing with and overcoming them. The business and functional silos in most banks exacerbate risk challenges but thereâs now recognition that multi-business, multi-asset class, multi-functional approaches are needed. Risk integration is therefore high on the agenda, but itâs easier said than done.
âQlikViewâs capabilities in terms of the sheer volume of data that it can aggregate, the ability to navigate around that data completely freely, its speed of implementation and ease of use make it a real asset in the drive for better risk integration. Initially I was sceptical that it could deliver on its big promises, but weâve been taken aback by its ability to give a complete view at both a macro and micro level.â
QlikView is a fast and flexible in-memory business intelligence tool that can be rapidly deployed to improve visibility into exposures, across silos, at high scale. Whether managing portfolios, analysing transactions with counterparties, or performing âwhat ifâ analysis across product and business lines, QlikView empowers users to get real-time business answers in just a few clicks and be better informed about risk exposures.
âI havenât seen any comparable product in the business intelligence space,â added John Collins.
The software, which has been recognised by leading IT analysts1 as a âchampion in this fieldâ, can be deployed in a matter of days instead of the months and often years associated with traditional business intelligence implementation projects.
Sean Farrington, Managing Director of QlikTech UK, said: âRule Financial is a respected consultant in the financial services sphere, equipping deeply experienced practitioners with leading technologies so they can deliver solutions to the real problems their clients are facing. Iâm delighted that QlikView is now part of Rule Financialâs armoury and we look forward to working in partnership for the benefit of Ruleâs clients.â