Teradata and IRIS Announce Partnership

Teradata and IRIS partner to deliver integrated data and analytical solutions for risk and profitability management to banks globally.

Zurich, Switzerland (PRWEB) July 10, 2005 -- Teradata, a division of NCR Corporation, and IRIS, the provider of the leading riskpro integrated financial analysis software for enterprise risk and profitability management, announced today a new partnership to help financial institutions worldwide more effectively manage risk and profitability across their enterprise.

The combined capabilities of these two organizations will deliver a scalable and high performance enterprise risk and profitability analytic solution with consistent results over the total enterprise. Teradata is the worlds leader for enterprise data warehousing and enterprise analytics. The riskpro analysis infrastructure from IRIS is built around a unique contract centric data model and standardized calculations with a structure allowing to satisfy current and future analysis requirements. In the integrated solution all analysis results can be exploited with the unique and powerful Teradata analytical database engine. Areas covered by this integrated solution include Asset and Liability Management (ALM), Market Risk, Credit Risk, FTP, Performance, Dynamic Simulation, Basel II and IAS 32 & 39.

This integrated contract centric approach to financial risk and profitability analysis combined with the high performance of the Teradata® warehouse provides a range of near term tactical benefits, like solving for Basel II or IAS 32 & 39 while establishing the foundation for an efficient and consistent enterprise-wide financial analysis infrastructure for a global strategic economic capital management platform.

Dr Jürg B Winter, Managing Director of IRIS AG said The integrated contract centric approach to financial risk and profitability analysis of IRIS AG combined with the high performance, parallel architecture of the Teradata warehouse and analytics is a unique opportunity for large banks to get total transparency down to the single contract about the total activity, at reasonable cost, fast and with no risk. It provides a range of near term tactical benefits, like solving for Basel II or IAS 32 & 39 while establishing the foundation for an efficient and consistent enterprise wide financial analysis infrastructure for a global strategic economic capital management which will set new analysis standards."

About riskpro
riskpro enables financial organizations to measure and monitor risk and profitability enterprise-wide with a single cost effective integrated analysis infrastructure. riskpro covers ALM, market and credit risk analytics including Exposure Analysis, Value at Risk, Funds Transfer Pricing, Dynamic Simulation, Limits, Historization, Basel I and II, Risk-Adjusted Performance Analysis, Credit Exposure, Credit Loss, IAS 39, etc. These analyses cover the banking and the trading book both on and off the balance sheet, for any type of financial products, from saving accounts to exotic options, for any type of accepted valuation method. The underlying universal contract-centric data model and calculation engine of riskpro ensures precision and consistency in all results. riskpro is so an ideal and easy way to implement Basel II as a first step for a cost effective integrated financial analysis infrastructure. It is recognized by customers and established consultants as the most integrated solution on the market. riskpro is currently being used or in implementation in over 200 small to large financial organizations in 16 countries in the retail, wholesale and development field.

About IRIS
IRIS integrated risk management ag, formed in 1992 in Zurich, has its headquarters in Switzerland. It continuously develops, maintains and supports its riskpro financial analysis infrastructure out of Switzerland since 1997. Selling, implementation and consulting are executed worldwide directly by IRIS AG and indirectly in cooperation with a number of partners such as Teradata, Accenture, ATOS Origin, d-fine, Tata Consultancy Services, Intracom (Greece) etc.

For more information, contact:
Lidia Suligoj
IRIS marketing & sales support
+41 044 388 59 59
iris.info@iris.ch
www.iris.ch

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