Commerzbank selects Ilog's JRule system to drive credit rating platform

Source: ILOG

ILOG (NASDAQ: ILOG; Euronext: ILO, ISIN: FR0004042364), a leading provider of enterprise-class software components and services, today announced that Commerzbank AG, one of Europe's leading private sector banks, has chosen ILOG JRules, a key offering in ILOG's Business Rule Management System (BRMS) product line, to create a flexible new IT architecture for the development and deployment of Basel II-compliant rating applications.

Commerzbank will be using ILOG's recently announced JRules 5.0, and expects this newest version to improve collaboration between IT staff and rating business experts, resulting in productivity gains.

In addition to meeting Basel II compliance mandates for its credit rating system by 2005, Commerzbank views the enhancement of their credit rating system a key element of its customer acquisition strategy. The JRules-based system will automate the highly-complex customer rating process involving hundreds of unique and constantly changing rules that determine the credit-worthiness of Commerzbank's commercial and private bank customers, allowing the bank to accommodate changes that assure business agility to the process without a major overhaul of the IT infrastructure.

Prior to implementing a new rating architecture based on ILOG JRules, Commerzbank had a heterogeneous technical environment composed of many integrated and non-integrated systems. These old systems did not provide a comprehensive ability to react swiftly and accurately to customer requests and Basel II mandates. Commerzbank will use ILOG's BRMS to automate the rating process and create a more flexible software architecture allowing rapid development of new rating applications by software architects. Furthermore, rating experts in charge of risk control will be able to maintain the business rules affecting rating policies and make rapid changes to reflect new business requirements.

"Commerzbank takes great pride in its customer responsiveness, and by re-architecting our software systems to be more flexible, we are continuing to raise the bar in this area," said Andreas Rose, project manager at Commerzbank. "We selected ILOG JRules as the cornerstone of our new rating system because it perfectly integrates with our rating system architecture and had the outstanding performance and ease-of-use we needed. Finally, we were impressed by the excellent local support we have received - we feel we can really rely on ILOG."

Using ILOG JRules, Commerzbank expects to cut by nearly 70 percent the time it takes for new policy changes to be implemented in the system.

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