Amsterdam, 22 December 2003 - De Dresdner Bank heeft haar informatiesysteem, dat zij gebruikt voor haar analyses van de financiële markten, uitbesteedt aan IBM Business Consulting Services. Het beheer, de ontwikkeling en het gebruik van de informatiesystemen over financiële markten zal begin 2004 worden overgenomen door IBM. Vanaf dat moment zal de bank, middels een lease-constructie, on demand gebruik gaan maken van haar database.
Het systeem omvat archieven en analyses van verschillende financiële gegevens en wordt gebruikt voor het risico management van de bank. Hierdoor wordt er zeer hoge prioriteit gegeven aan de kwaliteit van de gegevens. De twee bedrijven hebben de database de afgelopen jaren gezamenlijk ontwikkeld. Daarnaast zal deze dienst ook beschikbaar worden voor andere klanten. Als business transformation outsourcing (BTO) provider zal IBM het gehele proces en de dagelijkse operatie van het systeem beheren.
Voor meer informatie
IBM Business Consulting Services
Tineke Mertens, afd. Communicatie
Tel. 06 200 150 92
Tineke.mertens@nl.ibm.com
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Dresdner Bank sells financial market database to IBM
IBM is taking over from Dresdner Bank the process management and operation of the jointly developed financial market information system
Frankfurt/Stuttgart, December 22, 2003 - Dresdner Bank is handing over to IBM Germany the management, development and running of its financial market information database. In the future it will call in on demand the data it needs from the database. The two companies today signed in Frankfurt an agreement to this effect. Along with the database, 24 bank employees will transfer to IBM from February 1, 2004. The two companies developed the market database jointly in recent years. It collects, archives and analyzes financial information of various kinds and processes it for risk control use by the bank, giving highest priority to data quality assurance. IBM will manage the entire process and operate the database for the bank as a business transformation outsourcing provider. It will also offer the service to other customers.
For Dresdner Bank selling the market database is a proof for the competitiveness of this product and the underlying processes. At the same time this is in line with the "New Dresdner" future program, which aims at focusing the bank on their core competencies. "With IBM handling process management and running the database, Dresdner Bank will be able to achieve sustainable cost savings with constant quality and an assured supply of all the relevant market data whilst keeping our own know-how in risk valuation and management" said Otto Steinmetz, Dresdner Bank director in charge of risk management.
IBM will offer the market database services to other companies, too. The target group for this quality-assured financial market data includes universal and investment banks and insurers, asset managers and corporate groups. "Buying in market data of this kind is interesting not just because it costs less than an in-house solution but because of the higher quality of the data provided. That should be of interest for all banks and insurers for whom the new service will provide more and better data," said Norbert Dick, IBM's managing director worldwide of business with the Allianz Group.
Independent market research institutes such as Risk Water, Iverson or the TowerGroup estimated the market volume for reference data in Europe at around USD 1.3 billion in 2001 and likely to grow further. Especially with Basel II and Solvency II in mind, around 25% of banks are considering either outsourcing or buying in these services, the market research surveys report.
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