International Bank for Corporates Selects Turnkey Solution for Credit Risk Management
May 24, 2005 (Press Release) --
International Bank for Corporates Selects Turnkey Solution for Credit Risk Management
AIM Software, a leading provider of risk management and data management solutions to the financial industry, announces today that Investkredit Bank AG, an international bank that specializes in corporate companies, has selected AIM Software’s risk management solution to manage its credit risk calculations. The system was put into process in February 2005.
The AIM Software solution was evaluated in a proof-of-concept testing and was delivered in a turnkey implementation, including the calculation of the economic capital and credit risk.
"AIM Software’s technology helped us to improve our risk management significantly," said Wolfgang Wainig, Executive Director and Head of Portfolio & Risk Management at Investkredit. “The combination of AIM’s standardized solution together with its flexibility allows us to apply rapid adjustments aligned with current and future demands of Basel II.”
Manual processes in risk management are increasingly being automated, thereby, any potential sources of error during data import and data processing can be minimized with the integrated data and risk management solution of AIM Software. Extensive quality checks of the imported market data and portfolio data account for a substantial improvement of the calculated results.
“In this project we focused on Investkredit’s need for a complete automation of all business processes and an integrated, consistent quality control in the import and the processing of the data,” said Martin Buchberger, Head of Marketing & Sales at AIM Software. “We are delighted to welcome Investkredit as our latest customer of our risk management platform."
GAIN Risk Management is integrated along with the data management platform GAIN DataDesktop and can therefore guarantee a high quality of the imported data for the calculation of risk indicators. The modular GAIN platform combines automatic data cleansing and scrubbing with exception handling for reference data, prices and corporate actions in order to yield more reliable risk management calculations.
About Investkredit Bank AG
Investkredit Bank AG (http://www.investkredit.at) is a specialist bank based in Vienna with offices in Central Europe which offers financial services exclusively to corporate customers (Bank for Corporates).
With its range of products, the Bank for Corporates meets all financing and financial asset management needs going beyond the scope of normal day-to-day banking business. Over more than 40 years, Investkredit has developed into one of the largest long-term loan financiers for medium- and large-scale enterprises in Austria and combines the functions of a financing bank for corporates, a real-estate bank and a treasury and asset-management bank.
Contact:
Gerlinde Pachinger
AIM Software – PR & Communications
pr@aim-sw.com
http://www.aim-sw.com
AIM Software, a leading provider of risk management and data management solutions to the financial industry, announces today that Investkredit Bank AG, an international bank that specializes in corporate companies, has selected AIM Software’s risk management solution to manage its credit risk calculations. The system was put into process in February 2005.
The AIM Software solution was evaluated in a proof-of-concept testing and was delivered in a turnkey implementation, including the calculation of the economic capital and credit risk.
"AIM Software’s technology helped us to improve our risk management significantly," said Wolfgang Wainig, Executive Director and Head of Portfolio & Risk Management at Investkredit. “The combination of AIM’s standardized solution together with its flexibility allows us to apply rapid adjustments aligned with current and future demands of Basel II.”
Manual processes in risk management are increasingly being automated, thereby, any potential sources of error during data import and data processing can be minimized with the integrated data and risk management solution of AIM Software. Extensive quality checks of the imported market data and portfolio data account for a substantial improvement of the calculated results.
“In this project we focused on Investkredit’s need for a complete automation of all business processes and an integrated, consistent quality control in the import and the processing of the data,” said Martin Buchberger, Head of Marketing & Sales at AIM Software. “We are delighted to welcome Investkredit as our latest customer of our risk management platform."
GAIN Risk Management is integrated along with the data management platform GAIN DataDesktop and can therefore guarantee a high quality of the imported data for the calculation of risk indicators. The modular GAIN platform combines automatic data cleansing and scrubbing with exception handling for reference data, prices and corporate actions in order to yield more reliable risk management calculations.
About Investkredit Bank AG
Investkredit Bank AG (http://www.investkredit.at) is a specialist bank based in Vienna with offices in Central Europe which offers financial services exclusively to corporate customers (Bank for Corporates).
With its range of products, the Bank for Corporates meets all financing and financial asset management needs going beyond the scope of normal day-to-day banking business. Over more than 40 years, Investkredit has developed into one of the largest long-term loan financiers for medium- and large-scale enterprises in Austria and combines the functions of a financing bank for corporates, a real-estate bank and a treasury and asset-management bank.
Contact:
Gerlinde Pachinger
AIM Software – PR & Communications
pr@aim-sw.com
http://www.aim-sw.com
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