London, United Kingdom
14 April 2008

Beyond Basel II: Evaluating the Financial and Credit Risk Solution Vendors 2008

Table of Contents

Return to report Abstract

Executive Summary 04
Introduction 07
Business and Technology Drivers 09
  First-Wave Basel II Institutions Pressured to Demonstrate Tangible Business Benefits 09
  Evolving Risk Management Practices Beyond Basel II 11
  Expanding Adoption of Economic Capital Frameworks 15
  Economic Capital Management and Basel's Pillar 2 16
  Redefining Finance and Risk Activities 18
  Implications from the Market Crisis 21
Financial and Credit Risk Management 25
  Architecture System Overview 25
Solution Overviews 27
  Criteria For Inclusion 27
  Vendor Overview 28
  Scope of Offering 30
Vendor Profiles 31
  Algorithmics 31
  Fermat 34
  Financial Architects 37
  IRIS Integrated Risk Management 39
  Misys Almonde 42
  Oracle/Reveleus 44
  QRM 46
  SAP 49
  SAS Institute 52
  SunGard 54
Celent's ABCD Vendor Analysis 58
  Overall Vendor Rankings 60
  ABCD Ranking Breakdowns 60
  Advanced Features and Functionality 61
  Breadth of Functionality 62
  Client Base 62
  Depth of Client Services 64
Solution Strategies and Implementation Lessons 65
  Solution Considerations 65
  Architecture Considerations 67
Conclusions -- Looking Forward 71
Appendix A 73
  Risk Management Ecosystem -- Primary Components 73
  Peripheral Applications and Ecosystem Linkages 74
Appendix B 76
  Technology Platform Overview 76
  Solution Pricing 78
  Maintenance and Support 79
 

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC].

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