Solution for BASEL II Compliance
Basel II Accord requires a number of key changes at banks to monitor their technological risks using advanced techniques such as risk-related KPIs (key performance indicators), scorecards, event alerts, and predictive measures. And, leaving no room for ambiguity, the accord specifically requires banks to build “an appropriate systems infrastructure” to identify and gather data for a substantial risk database. These can essentially be divided into three different areas. The first area is the gathering of data for reporting and analysis of credit and market risk. The second is the development of data capture and reporting systems for operational risk and the third is the implementation of automated and standardized business processes to mitigate the risks highlighted by that reporting.

The first of these requirements will be the foundation of the Accord. Basel II compels banks to gather data that they do not currently collect and it also requires them to bring that data together from a host of disparate systems into one pool for analysis.

What Holool can do?
Whether you’re a small or large Banking institution, customer data is one of your most valuable assets. By making data quality a priority in your business, you’re investing in the solid customer relationships that will pay off for years to come. Isn’t it time you invested in your Banks future? Holool with its Solutions would help banking and insurance industries enhance their value of customer data and customer communications.