IBM has unveiled a solution specifically designed to provide businesses with support for information requirements of the Basel II Accord. The new offering, The IBM Risk and Compliance - Basel II Information Management Offering, is integrated with Fair Isaac's TRIAD adaptive control system, allowing businesses to make strategic decisions regarding customer and account management, scoring, collections, credit line management, and marketing communications.
Basel II is a new standard for measuring risk published by the Bank of International Settlements that mandates risk management reporting for international active financial institutions. The IBM Basel II solution is designed to help customers address the challenges of meeting the new standard and enhances their ability to proactively use data they currently collect. By teaming with business partner Fair Isaac, IBM integrates analytics for risk analysis and insight into the data that banking institutions need to comply with Basel II.
IBM's Basel II solution provides a pre-tested, integrated solution that is designed to help banks address compliance issues quickly and easily. In addition to helping banks comply with Basel II, the new offering provides an information management infrastructure, including a central data warehouse based on transactional data that can be used for purposes beyond Basel II compliance. The solution leverages IBM's Information Management Software, including IBM DB2 Data Warehouse Edition, WebSphere Information Integrator, IBM Alphablox, and business partner tools.