Briefs

April 8, 2005, New data-warehouse software helps banks calculate the risk associated with financial-product portfolios.

By Steven Marlin, InformationWeek IBM on Friday unveiled an integrated data-warehousing and risk-management product to help banks comply with Basel II, a risk-management regulation approved last year by the Bank for International Settlements, the governing body of worldwide bank regulators.

The product, IBM Risk and Compliance-Basel II Information Management Offering, combines IBM's DB2 data-warehouse software and data-management consulting expertise with Fair Isaac Corp.'s Triad credit-risk scoring system. The product enables banks to comply with Basel II guidelines on calculating probability of losses from default, a key metric for Basel II compliance.

The product can also be used to solve problems beyond compliance, such as creating analytics for customer data mining and other business applications...

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