Substantial changes in the financial and regulatory environment are calling for banks to revise their credit risk management strategies. The problem was to develop a reliable solution capable of evaluating the probability of customer default, especially those in the corporate segment, and use the results as the basis for developing...
Volkswagen Financial Services AG, headquartered in Braunschweig, Germany, is a wholly owned subsidiary of Volkswagen AG. The company is responsible for coordinating the global financial services activities of the Volkswagen group. Its product portfolio includes auto loans, auto insurance and auto leasing. The challenge was looking for a high-performance software...
Computing power is changing credit assessment processes in profound ways. Credit risk modeling and benchmarking are becoming more integral to credit management, speeding the processes, enhancing analysis and lowering associated costs. The Extensible Business Reporting Language XBRL, the new Internet standard specifically designed for business reporting and information exchange, is...
With a customer base that includes approximately half of South Korea's adult population, Kookmin Bank KB has a dominant position in the country's banking sector, the third largest in Asia. To expand its customer base, Kookmin is concentrating on high value customers through cross-selling based on integrated customer relationship management....
Leading global financial services company, ING Group, is using SunGard Adaptiv Credit Risk to meet its global credit risk management needs while remaining compliant with the plethora of regulatory, corporate and client mandated limits and rules. The solution, which runs on a powerful Intel Xeon processor-based platform to perform vast...
In order to avoid the financial and brand damage associated with data breaches, businesses need to consider deploying end-to-end encryption as a tamper proof way of securing data. Commentary - Media outlets around the globe highlight new data breaches at an alarmingly regular rate. Forrester estimates that the cost...
OpportunityIf I wanted to make a lot of money spamming people, I'd just send out phony doctor bills.Nobody has any idea how many bills they are supposed to be getting, or how much they are supposed to be. One more for "lab fees" would probably get paid by a...
I smell M$ hereWho is most interested in this deal not completing...M$!The price was more than fair, only some shareholders that were promissed more ca$h by M$ could have come with this frivolous lawsuit.RE: On2 shareholders sue to stop Google acquisitionNovember 6, 2008 - 5:00 PM EasternThird Quarter 2008 Results...
Companies that offer online credit card transactions must understand and follow Payment Card Industry PCI standards, particularly the Data Security Standard DSS. This standard includes comprehensive requirements to secure and protect electronic payments, and to assure the privacy of customer account information. Compliance involves building and maintaining a secure network,...
Once you strip away the financial, strategy and ad prospects for Microsoft's 10-year search partnership with Yahoo you're left with a lot of information technology integration heavy lifting. Make no mistake about it: The Microsoft-Yahoo search pact will flop if it doesn't have some good old fashioned...
Poll: Did Microsoft and Yahoo do the right thing?SuccessfulI think that this agreement has the potential to be huge. When you combine all of Microsoft's and Yahoo's page views, you have a lot of people viewing a lot of pages. As an advertiser, having one platform to get...
Are Steve Jobs' management skills a corporate risk?Claim the successes, pass the losesIt appears to work well for Apple at the moment, and if employess wish to take the abuse with the benefits, it is their choice.If the problems Apple is seeing as of late with their hardware continues, and...
Manchester City Council pays $2.4m in Conficker clean up costsMessage has been deletedMessage has been deletedAnd let us not forget the costs of people refraining from performingnecessary tasks because of fear. And the costs the USB drive ban.Incalculable costs really.The care they put into the systemis the output they'd get,...
Consider the following questions posed by Thomas Friedman, New York Times columnist and author of The World Is Flat: A Brief History of the Twenty-First Century, and more recently, Hot, Flat And Crowded: Why We Need a Green Revolution - And How it Can Renew America: “Was it an...
In a brief email sent to customers at 10:45PM EST, Verified Identity Pass notified its 250,000 customers that the CLEAR service was no more click on photo to enlarge Well I can't say that it was unexpected, but it's definitely a...
Cetelem CR wanted to acquire a tool to describe risk management processes in IDS Scheer ARIS format, to comply with BNP Paribas' request for such descriptions for the purpose of Basel II homologation and gain greater insight into Cetelem CR's internal efficiency and performance, as well as greater control over...
Goodbye, SOX?What! No!The "Credit Crunch" meant nothing to me, but kill SOX and who will pay my outrageous SOX consulting fees.I'll be ruined!It's about time.Sarbox is a failure. The Siemens corruption case was in complliance with Sarbanes-Oxley.You don't have to look far to see that Congress knows nothing about...
(Images: A peek at Windows 7 release candidate)Windows 7 RC1 vs. Vista SP2Recently I tested window 7 beta from December to April. I was not overly impressed. At that time I also ran vista sp1. In mid April I installed Vista SP2 RC1. It compares to the speed of...
Sun to IBM: We're willing to talk again; Big Blue not interestedI hope IBM know what they're doingIf they play chicken with Sun to get a bargain on the yummy pieces, they still risk throwing Java into years of uncertainty and customer defection. And that'll hurt part of IBMs business...
The list of merchants that have experienced a breach in the security of credit card data continues to grow.1 The frequency of these data loss events, mounting financial losses, and systemic fear created among consumers are driving a new awareness of the relevance and importance of the Payment Card Industry...
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