HP has
announced a newbusiness intelligence solutiondesigned to enable financial services organisations to
better measure risk and improve compliance management processes,
and has also announced that Rabobank, a full-range financial
services provider, has selected a business intelligence solution
from HP in a deal valued at $4.3 million.
Based on HP
Neoview, the HP Enterprise Risk Management solution is said to
address all three pillars of Basel II and aids in the compliance of
industry regulations such as Sarbanes-Oxley, International
Accounting Standards, Anti-Money Laundering and Know Your
Customer.
The Risk
Management system was developed in collaboration with business
intelligence software partners Informatica, MicroStrategy and
Quadrant. HP has coupled this technology with its business
intelligence hardware and services to deliver an offering for data
access, governance and data quality management.
The package
combines Quadrant’s data model and domain expertise, Informatica’s
enterprise-grade data integration and quality tools, and
MicroStrategy’s business intelligence platform with advanced
dashboarding capabilities that HP says will allow financial
institutions to achieve a comprehensive understanding of risk
within every aspect of their business.
Netherlands-based
Rabobank serves more than 9 million customers- both
individuals and corporate clients - in 38 countries and its new BI
technology is said to have delivered already improvements
in performance and cost.
“HP has delivered
a state-of-the-art solution to meet our business intelligence
needs,” said Rik Op den Brouw, senior executive vice president,
Information and Communication Technology, Rabobank. “[The new
system] has exceeded our expectations in a joint proof of concept.
The first implementation expects to deliver 10 to 20 times the
performance we had with competitive offerings.”
Recommended CW Stories
· Storage Expo 2007
preview
· Fortune 500 firms lose
£125m a year from poor business intelligence
· Adobe and Business
Objects join forces to make BI more intuitive
· Manufacturing
struggling with ERP
· On-demand applications
gain ground