German Bank, pbb Deutsche Pfandbriefbank, Selects Risk Integrated's SaaS Offering for Risk Reporting
Risk Integrated Announces That German Bank, pbb Deutsche Pfandbriefbank, has Selected Their Flagship Specialized Finance System (SFS) SaaS Solution
New York and London (PRWEB UK) 5 November 2012
Risk Integrated, a leading provider of quantitative risk analysis software, solutions, and consulting services, today announced that the German Bank, pbb Deutsche Pfandbriefbank, has selected their flagship Specialized Finance System (SFS) SaaS solution. pbb is using Risk Integrated's SFS SaaS, which is a fully outsourced solution, to further improve the effectiveness, quality and management of the risk reporting on their commercial real estate loans and the portfolio's risk profile.
“In the past there has been a hesitation from banks to outsource risk reporting services because of the security issues involved with sharing and exporting data,” said Dr. Yusuf Jafry, CTO Risk Integrated. “However, data centers have dramatically improved their security measures to meet the requirements of banks and external regulators. With these system security assurances, banks can take advantage of Risk Integrated's outsourced service.”
SFS SaaS comprises the same SFS software that would have been installed in-house at the bank, instead it is deployed in an accredited partner data-center. Secure, encrypted network connectivity between the data center and the bank network ensures system security.
The Risk Integrated SFS SaaS core model is customizable, and can be personalized to meet each bank's unique needs. As such, risk managers can create an edge over their competitors by customizing the model specifically for their requirements.
About pbb Deutsche Pfandbriefbank
pbb Deutsche Pfandbriefbank is a leading European specialist bank for realestate finance and public investment finance. The main funding instrument is the German Pfandbrief, of which the Bank is one of the largest issuers in the market. pbb Deutsche Pfandbriefbank is active in markets in Germany and other European countries. http://www.pfandbriefbank.com.
About Risk Integrated
Risk Integrated delivers the leading risk measurement, management and reporting solutions for commercial real estate lending and infrastructure finance. Founded in 2001, Risk Integrated's systems are used by banks, asset managers and regulators across North America, Europe and Asia. For the origination of new assets the systems are used for risk grading, pricing, structuring, and Advanced Basel capital. At the portfolio level they are used for data collation, management information and regulatory stress testing. The detailed cashflow simulation models are completely open and transparent to the risk analysts in each institution, allowing each institution to adapt the models to their business as a competitive advantage. For more information on Risk Integrated visit: http://www.riskintegrated.com
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