Cognos launches credit risk analytic software for banks

Cognos, an IBM company and a provider of business intelligence and performance management services, has unveiled IBM Cognos 8 Banking Risk Performance Credit Risk, a new analytic software designed to provide retail banks with complete access to credit risk information across their loan portfolios.

According to the company, IBM Cognos 8 Banking Risk Performance Credit Risk is packaged business intelligence application that gives bank executives and risk managers an immediate and up-to-date view of their credit portfolio across products, geographies and business units.

Built on an open, services-oriented architecture platform, the new service plugs into an organization's existing technology environment, letting users tap into their credit risk data housed in financial, core lending and other administrative systems to gain an up-to-date understanding of loan performance and its current and long-term effect on profitability.

Laurence Trigwell, associate vice-president of financial services at Cognos, said: IBM Cognos 8 Banking Risk Performance - Credit Risk can arm executives and risk managers with the immediate insights they need to assess and monitor critical risk factors, adjust loan portfolios appropriately and ensure healthy, profitable lending operations.

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