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| Cognos Unveils New Analytic Software Cognos has unveiled new analytic software designed to provide retail banks with complete access to accurate, timely and transparent credit risk information across their loan portfolios. The many challenges facing the financial services industry today can be attributed to poor credit risk decision-making. While risk management is a key component of most banks, in many cases, critical risk information is siloed and locked up in disparate data sources, making it difficult for banks to gain a 360 degree view of enterprise risk information in order to properly forecast risk exposure and monitor the day-to-day performance of current loan portfolios. IBM Cognos 8 Banking Risk Performance – Credit Risk is a packaged business intelligence (BI) application that gives bank executives and risk managers an immediate, up-to-date and comprehensive view of their credit portfolio across products, geographies and business units. Built on an open, services-oriented architecture platform, the new solution plugs into an organization's existing technology environment, letting users easily tap into their credit risk data housed in financial, core lending and other administrative systems to gain an accurate, up-to-date understanding of loan performance and its current and long-term effect on profitability. With the application's adaptable warehouse, users can quickly and easily create new reports that best reflect the unique way their organization operates. Reports can just as easily be modified to reflect sudden business changes, such as adding dimensions like new geographic regions, for use with new or existing data sources. All of this is done through a user-friendly interface and without the need to modify code, freeing up IT resources to focus on supporting the organization's broader information management strategy requirements. Customers can also capitalize on the application's underlying IBM Cognos 8 > platform to extend their information insights using IBM Cognos' rich spectrum of performance management capabilities – including analysis, scorecarding, and multi-dimensional planning – to drive greater business value. write your comments about the article :: © 2008 Computing News :: home page |