Source: Quadrant
Quadrant announces that Bankdata, IT Services Supplier to the Danish Banking Industry, are enhancing their operational banking solutions to comply with the Basel II regulatory framework.
Quadrant are supplying their SAB2 data model for the Basel II Standardised Approach to maintain risk event history results from Bankdata's standardised calculator, which is part of their operational system.
Quadrant is also supplying Bankdata with its advanced retail credit risk B2 data model for use at Danish bank, Almbrand. For Almbrand the B2 data model will be used as the basis for their results and will be integrated with their data warehouse to complete a working system with their existing credit risk application and analytics engine for Basel II.
Boye Nielsen, Development Director, Bankdata, commented "Bankdata policy is to develop solutions in-house. However, in specialist areas such as Basel II we recognize the benefits of working with industry experts. Partnering with Quadrant enables us to provide our customers with a Basel II compliant solution quickly, with low risk and a rapid return on investment."
Commenting on the new contract, Paul Lockyear, founder of Quadrant and COO said, "We are delighted to have been chosen to work with Bankdata on Basel II across the Danish Banking Industry."