Leading business and IT consultancy Rule Financial has selected QlikTech, the world's fastest growing business intelligence software provider, as an Alliance Partner for its risk management practice.
The firm will deploy QlikTech's market leading in-memory associative business intelligence software QlikView on a number of projects, including a major risk integration initiative for a European bank.
John Collins, risk partner at Rule Financial with over 20 years' experience in capital markets and leader of the bank project, commented: "Our banking clients are facing unprecedented pressures and effective risk management techniques and infrastructure are central to dealing with and overcoming them. The business and functional silos in most banks exacerbate risk challenges but there's now recognition that multi-business, multi-asset class, multi-functional approaches are needed. Risk integration is therefore high on the agenda, but it's easier said than done.
"QlikView's capabilities in terms of the sheer volume of data that it can aggregate, the ability to navigate around that data completely freely, its speed of implementation and ease of use make it a real asset in the drive for better risk integration. Initially I was sceptical that it could deliver on its big promises, but we've been taken aback by its ability to give a complete view at both a macro and micro level."
QlikView is a fast and flexible in-memory business intelligence tool that can be rapidly deployed to improve visibility into exposures, across silos, at high scale. Whether managing portfolios, analysing transactions with counterparties, or performing 'what if' analysis across product and business lines, QlikView empowers users to get real-time business answers in just a few clicks and be better informed about risk exposures.
"I haven't seen any comparable product in the business intelligence space," added John Collins. The software, which has been recognised by leading IT analysts1 as a 'champion in this field', can be deployed in a matter of days instead of the months and often years associated with traditional business intelligence implementation projects.
Sean Farrington, Managing Director of QlikTech UK, said: "Rule Financial is a respected consultant in the financial services sphere, equipping deeply experienced practitioners with leading technologies so they can deliver solutions to the real problems their clients are facing. I'm delighted that QlikView is now part of Rule Financial's armoury and we look forward to working in partnership for the benefit of Rule's clients."