Infrastructure
ING banks on in-memory analytics
ActivePoint collateral management to replace legacy software
By Leo King | Computerworld UK | Published 15:33, 09 February 12
ING is expanding its use of in-memory business intelligence analytics, using a real-time system from supplier Quartet FS.
The Dutch Bank is rolling out the ActivePivot system to its credit card department for collateral management and credit value adjustment.
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ING already uses ActivePivot for managing market risk and profit & loss validation, but the bank said that the expanded rollout marks the first time that it has used in-memory analytics for operational challenges.
ActivePivot will be used to replace multiple risk applications, saving money and improving flexibility, ING said.
Marnix van Stiphout, ING managing director, said: "We implemented ActivePivot in order to manage our market risk in a proactive, actionable and analytical way.
"However, we have recognised the solution's powerful potential in helping us solve a number of other operational issues across the business at a much lower cost than the industry's traditional approach.
"As a result, we have set up a Centre of Excellence which is responsible for implementing ActivePivot in other parts of the bank."
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