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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