The foundation of BlackIce ERA(TM) was developed from a combination of years of practitioner and consulting experience based on credit, market and operational risk processes at financial institutions across the globe. The ERA(TM) solution delivers an open, integrated and single source of data for all risk types across the bank, enabling regulatory and management reporting from a single risk data repository.
"This is a unique and timely product," said Kalyan. "Financial institutions worldwide are scrambling for assistance in dealing with their mounting data management and reporting challenges as new international rules are implemented and deadlines approach in 2016".
BlackIce is co-marketing BlackIce ERA(TM) with IBM's PureData System for Analytics to address new and evolving financial regulations and best practices. This relationship results in an end-to-end ERA(TM) solution that provides a rapid implementation path and a solution that will facilitate financial institutions getting the most out of their data with confidence.
BlackIce ERA(TM) comes packaged with hundreds of predefined risk reports with defined business rules, and enterprise-level credit and market risk analytics. In keeping with our company's philosophy of an open-solution, financial institutions are able to use their existing applications and tools without compromising any of the unique benefits of ERA(TM). The BlackIce approach and strategic direction integrates the 'best of breed' market leaders in risk analytics and business intelligence tools with the ERA(TM) in order to meet the most sophisticated banking needs in a timely fashion. This not only ensures regulatory compliance, but also the scalability necessary to meet the future strategic needs of institutions.
BlackIce ERA(TM) comes as a complete, out-of-the-box data and analytical solution. ERA(TM) is an authoritative and comprehensive risk data environment enabling dynamic reporting and risk analytics on demand for key tasks like ad-hoc regulatory stress testing and real-time risk based pricing. As stated by the
What sets ERA(TM) apart from the competition is its open architecture. Rather than taking a "Black Box" approach, ERA(TM) is completely extensible and can be adapted to any existing risk environment. Furthermore, having been built from the ground up in financial institutions the solution is practical and proven, not theoretical.
"Financial institutions face extraordinary challenges related to profitability, complexity and new regulations in an uncertain economic environment. Many institutions have historically siloed systems and data architectures, and because of more exacting auditing, risk management and regulatory requirements, underlying analytics it can take weeks to review pertinent account data. With the BlackIce ERA(TM) the necessary data is only a key-stroke away", said
While BlackIce ERA(TM) accelerates complex risk data aggregation compliance projects, the long-term value lies in establishing a single risk data platform for confident risk decision-making. There is currently no end-to-end solution except for BlackIce ERA(TM).
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BlackIce Enterprise Risk Management Inc.(604) 336-0107 www.blackiceinc.com Source: BlackIce Enterprise Risk Management Inc.