Automate Risk Management with a Highly Secure IT Backbone

First Published Tuesday, 17th April 2012 02:30 pm from TIBCO Software : Kenan Frager

The opinions expressed by this blogger and those providing comments are theirs alone, this does not reflect the opinion of Automated Trader or any employee thereof. Automated Trader is not responsible for the accuracy of any of the information supplied by this article.


High performance, highly secure IT integration of

business process systems is now becoming a

requirement to compete. Without automated

communication between disparate systems, a business runs the risk

of leaving important information on the table that can be used to

discover opportunities and mitigate risks. Connecting a risk

management solution to other systems allows for further

monitoring and

prevention

of possible problems.

When

considering govern href="http://www.thetibcoblog.com/wp-content/uploads/2012/04/Postbank-Logo.jpg"> class="alignleft size-medium wp-image-3066" title="Postbank Logo"

src="http://www.thetibcoblog.com/wp-content/uploads/2012/04/Postbank-Logo-300x82.jpg"

alt="" width="300" height="82" />ment

regulations and fines for non-compliance, in fields like

securities trading or healthcare, quick and reliable automation

of reporting systems

becomes essential to function with operational efficiency. Manual

data entry is an inefficient use of

expensive man-hours, while also greatly

increasing the risk of human error. TIBCO solutions leverage

years of experience in real-time automation and

integration to enable seamless monitoring

and documentation.

When a new transparency

regulation asked for market price data to be published within

just three minutes of a trade, Postbank AG (one of Germany's

largest financial services providers) implemented a TIBCO

solution in just six weeks. By integrating 15 different

solutions, automating pricing, and using internet platforms, they

achieved the highest level of

automation in trading transactions. This not only

reduces the significant manual effort previously needed, but

ensures the efficiency, effectiveness, and quality

of processes.

"TIBCO Software's

predefined tools and range of interfaces allowed us to map our

business processes extremely quickly - much more quickly than

would be possible with normal tools … in a record time of

just six weeks - clear proof of the flexibility of our

architecture." - Dr Michael

Schlosser, Head of Group Client Execution, Postbank

AG

href="http://www.tibco.com/customers/resources/pdf/ss-postbankag.pdf">Read

the details of this rapid implementation.

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