Sybase has teamed with UK risk management consultancy Quadrant Risk Management to develop B2, a package of software and services that enables financial firms to comply with the forthcoming Basel II capital requirements.
The vendor says B2 is modular and is based on open architecture. The system features an enterprise-wide risk database as well as data management and integration tools, a predictive modelling and analytical engine and presentational tools. A business requirement analysis, gap analysis and implementation plans are also included in the package.
Sybase says its technology combined with Quadrant's business-oriented consulting will enable financial institutions to hit the deadlines set out by the Accord whilst maximising their current technology investment.
Paul Ashton of Quadrant Risk Management International, says: "Our solution will help organisations realise there is much more to Basel II than compliance, this is an opportunity for financial organisations to gain competitive advantage by managing and analysing risk data faster and more accurately."