Banks are under constant scrutiny to maintain the highest standards of security and accuracy. To maintain trusted financial data, banks need to ensure data quality and monitor risk exposures.
IBM software does the job for you, so you can meet the expectations of customers, shareholders, and regulators. IBM delivers a progressive framework for integrated risk management that allows you to deliver value more quickly.
What IBM offers
The Integrated Risk Management solution has four areas containing specific projects that address the needs of each area. Select your highest priority projects and add others as you need them.
Connecting all your business and financial information systems enables risk reporting across the enterprise to enable better risk decision making. With real-time data and analytics, you gain:
Financial Crimes Detection and Prevention
Identify fraudulent activity before it happens with proactive monitoring and investigation tools. When you implement an integrated fraud detection and prevention platform, you can monitor different types of transactions (ATM, remote banking, and wire transfers) across multiple channels.
Operational and IT Risk
Improve operational risk management by implementing early warning systems, crisis management processes, and business recovery planning. Increase visibility into IT operational indicators with real-time monitoring and analysis.
Governance and Compliance
Having a foundational structure for meeting regulatory compliance requirements helps banks reduce costs and better manage ever-changing regulations. Improve your financial reporting with trusted data.
Key products for Integrated Risk Management solutions
IBM has proven enterprise software products for the banking industry. Here are some of the key products, which are used by leading financial institutions worldwide:
- Cognos Business Intelligence (BI)
- Cognos FIRM
- Cognos Now!
- InfoSphere Data Warehouse
- InfoSphere Identity Insight
- InfoSphere Smart Analytic System
- ILOG Business Rule Management Systems (BRMS)
- Tivoli Access Manager
- WebSphere Business Events
- WebSphere Enterprise Service Bus (ESB)
To learn more about how IBM Banking Industry solutions can help your business grow, contact your IBM representative or IBM Business Partner.
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The Smarter Banking Virtual Briefing Center contains the latest IBM research, innovation and thought leadership in the banking and financial markets industry.
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Gain an enterprise-wide view of risk across multiple areas with the Finance and Integrated Risk Management (FIRM) solution (PDF, 4.56MB).