Welcome!

News Feed Item

BlackIce Officially Releases the BlackIce ERA(TM) Solution for Banking

The BlackIce Enterprise Risk Data Aggregation (ERA) solution gives banking executives supreme confidence in risk decision-making and compliance with a single source for all risk data and a dynamic analytic and reporting platform.

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/10/14 -- BlackIce Enterprise Risk Management Inc. (BlackIce) (CSE:BIS) announces today the release of the Enterprise Risk Data Aggregation solution for banking. BlackIce ERA(TM) is the first and only complete "out-of-the-box" solution that delivers to boards and senior banking executives an integrated view of risk for combined banking and trading books. "Bank executives, risk management committees and Boards will be able to better understand their risk and effectively comply with the BCBS Risk Data Aggregation guidance in the most cost effective and timely manner", said Mac Kalyan, CEO Managing Director of BlackIce.

The foundation of BlackIce ERA(TM) was developed from a combination of years of practitioner and consulting experience based on credit, market and operational risk processes at financial institutions across the globe. The ERA(TM) solution delivers an open, integrated and single source of data for all risk types across the bank, enabling regulatory and management reporting from a single risk data repository.

"This is a unique and timely product," said Kalyan. "Financial institutions worldwide are scrambling for assistance in dealing with their mounting data management and reporting challenges as new international rules are implemented and deadlines approach in 2016".

BlackIce is co-marketing BlackIce ERA(TM) with IBM's PureData System for Analytics to address new and evolving financial regulations and best practices. This relationship results in an end-to-end ERA(TM) solution that provides a rapid implementation path and a solution that will facilitate financial institutions getting the most out of their data with confidence.

BlackIce ERA(TM) comes packaged with hundreds of predefined risk reports with defined business rules, and enterprise-level credit and market risk analytics. In keeping with our company's philosophy of an open-solution, financial institutions are able to use their existing applications and tools without compromising any of the unique benefits of ERA(TM). The BlackIce approach and strategic direction integrates the 'best of breed' market leaders in risk analytics and business intelligence tools with the ERA(TM) in order to meet the most sophisticated banking needs in a timely fashion. This not only ensures regulatory compliance, but also the scalability necessary to meet the future strategic needs of institutions.

BlackIce ERA(TM) comes as a complete, out-of-the-box data and analytical solution. ERA(TM) is an authoritative and comprehensive risk data environment enabling dynamic reporting and risk analytics on demand for key tasks like ad-hoc regulatory stress testing and real-time risk based pricing. As stated by the Enterprise Data Management Council, "Risk Data Aggregation is not a deliverable; it is an objective...firms must enable their technology infrastructures, their business processes, and their data so they can sufficiently respond to a systemic event, crisis and/or contagion". While BlackIce ERA(TM) accelerates complex risk data aggregation projects, the long-term value lies in establishing a single risk data platform for confident risk decision-making.

What sets ERA(TM) apart from the competition is its open architecture. Rather than taking a "Black Box" approach, ERA(TM) is completely extensible and can be adapted to any existing risk environment. Furthermore, having been built from the ground up in financial institutions the solution is practical and proven, not theoretical.

"Financial institutions face extraordinary challenges related to profitability, complexity and new regulations in an uncertain economic environment. Many institutions have historically siloed systems and data architectures, and because of more exacting auditing, risk management and regulatory requirements, underlying analytics it can take weeks to review pertinent account data. With the BlackIce ERA(TM) the necessary data is only a key-stroke away", said Mr. Kalyan. "The BlackIce ERA(TM) is a solution institutions would build for themselves if time and money was not a constraint".

While BlackIce ERA(TM) accelerates complex risk data aggregation compliance projects, the long-term value lies in establishing a single risk data platform for confident risk decision-making. There is currently no end-to-end solution except for BlackIce ERA(TM).

BlackIce Enterprise Risk Management Inc.

Mac Kalyan, CEO, Director

Supporting Information

For more information on the BlackIce Inc., and the ERA(TM) visit www.blackiceinc.com. The BlackIce / IBM PureData System for Analytics brochure is available at: http://blackiceinc.com/wp-content/uploads/2014/04/IBM-PureData-Solutions-and-BLACKICE-ERA.pdf.

More information on Basel Committee on Banking Supervision (239) can be found here: http://www.bis.org/publ/bcbs239.pdf

Forward-Looking Information

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of BlackIce Enterprise Risk Management Inc. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release.

Contacts:
BlackIce Enterprise Risk Management Inc.
(604) 336-0107
www.blackiceinc.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With the rise of DevOps, containers are at the brink of becoming a pervasive technology in Enterprise IT to accelerate application delivery for the business. When it comes to adopting containers in the enterprise, security is the highest adoption barrier. Is your organization ready to address the security risks with containers for your DevOps environment? In his session at @DevOpsSummit at 21st Cloud Expo, Chris Van Tuin, Chief Technologist, NA West at Red Hat, will discuss: The top security r...
There is huge complexity in implementing a successful digital business that requires efficient on-premise and cloud back-end infrastructure, IT and Internet of Things (IoT) data, analytics, Machine Learning, Artificial Intelligence (AI) and Digital Applications. In the data center alone, there are physical and virtual infrastructures, multiple operating systems, multiple applications and new and emerging business and technological paradigms such as cloud computing and XaaS. And then there are pe...
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Your clients expect transactions to never fail, cloud access to be fast and always on, and their data to be protected - no exceptions. Hear about how Secure Service Container (SSC), an IBM-exclusive open technology, enables secure building and hosting of next-generation applications, both cloud and on-premises. SSC protects the full stack from external and insider threats, allows automatic encryption of data in-flight and at-rest, and is tamper-resistant during installation and runtime – with no...
SYS-CON Events announced today that Suzuki Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Suzuki Inc. is a semiconductor-related business, including sales of consuming parts, parts repair, and maintenance for semiconductor manufacturing machines, etc. It is also a health care business providing experimental research for...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
The last two years has seen discussions about cloud computing evolve from the public / private / hybrid split to the reality that most enterprises will be creating a complex, multi-cloud strategy. Companies are wary of committing all of their resources to a single cloud, and instead are choosing to spread the risk – and the benefits – of cloud computing across multiple providers and internal infrastructures, as they follow their business needs. Will this approach be successful? How large is the ...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...