News By Tag
News By Location
Banking Analytics / Reporting specialist iCreate readies innovative Basel solution compliant
This announcement comes in the context of the Central Bank of Egypt (CBE) introducing new regulations, guidelines and reporting systems to enable banks to meet core components of the Basel II capital adequacy framework.
Designed to provide an integrated risk & compliance management solution, Biz$core DRisk helps Egyptian banks comprehensively address the Basel requirement as a strategic priority. With a pre-built Basel data mart, in-built data models, pre-packaged content and integrated ETL infrastructure, Biz$core DRisk is a quick-to-implement Basel solution. Drill-down capabilities allow risk authorities to easily navigate through the overall calculations to understand each step visually.
Pre-packaged worksheets provide exposure, CRM / RWA related details for different Basel asset classes in a single location, thus enabling quicker analyses. Calculations are performed at the most granular level thus allowing for a complete audit trail. Biz$core DRisk also features pre-built regulatory reports compliant with CBE guidelines. An easily configurable object framework lays the foundation for on-going changes in Basel II, as well as for upcoming Basel III related requirements. With an intuitive user interface and easy to use controls, Biz$core DRisk is built on a J2EE platform making it scalable, robust, secure and cost effective.
Highlights of Biz$core DRisk
• Pre-built data model, integrated ETL infrastructure, in-built data unification tools and data quality checks at each stage to ensure best-in-class data management
• Powerful features like drill downs & worksheets provide complete transparency by allowing end-users to validate each calculation step and answer any queries from internal as well as external stakeholders
• Pre-built regulatory & management reports provide all the information needed at different levels of the organization in a secure manner
• Packaged objects and business rules ensure rapid implementation while ensuring all national discretions are met
iCreate has also taken on board Banking Technology veteran and Basel specialist Ravi Raman. Ravi has over three decades of rich experience working with blue chip firms such as Citigroup, Tata Burroughs, International Data Management, Duncans and Hexaware (as CEO in the latter two). He has steered over 100 strategic IT implementations, managed large software development units and data centres spread across 30 nations. In his 25 years at Citigroup, Ravi managed the complete spectrum of Banking Technology including Corporate Banking, Risk Management, MIS, Regulatory Reporting and Infrastructure Management. His areas of specialization are Basel II/III and Data Warehouse for Banks. Ravi is an Electrical Engineer from IIT Madras, a PG from IIM Calcutta and a Certified Quality Analyst from Quality Assurance Institute, USA. He has also imparted education on IT in Banking, Software Engineering, Project Management and Quality Management at premier academic institutions.
iCreate Software is a banking vertical focussed software company headquartered in Bangalore, that specializes in developing and marketing banking-specific enterprise software products - particularly business intelligence and analytics solutions. iCreate’s pre-packaged banking solutions integrate with standard core banking and other systems and extract data to provide a single consolidated view to enable decision making. iCreate’s flagship solution, Biz$core - an integrated BI, Analytics, Performance Management and Reporting platform, integrates with standard banking systems and extracts data to provide a single consolidated intelligent view of the data. iCreate’s banking solutions include Biz$core for Management (Executive 360, Financial Analysis, Sales Performance Management and Planning, Budgeting & Forecasting)