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™ 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™ 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™ 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™ 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™ 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™ 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™. The BlackIce approach and strategic direction integrates the 'best of breed' market leaders in risk analytics and business intelligence tools with the ERA™ 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™ comes as a complete, out-of-the-box data and analytical solution. ERA™ 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™ 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™ apart from the competition is its open architecture. Rather than taking a "Black Box" approach, ERA™ 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™ the necessary data is only a key-stroke away", said Mr. Kalyan. "The BlackIce ERA™ is a solution institutions would build for themselves if time and money was not a constraint".

While BlackIce ERA™ 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™.

BlackIce Enterprise Risk Management Inc.

Mac Kalyan, CEO, Director

Supporting Information

For more information on the BlackIce Inc., and the ERA™ 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
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Updating DevOps to the latest production data slows down your development cycle. Probably it is due to slow, inefficient conventional storage and associated copy data management practices. In his session at @DevOpsSummit at 20th Cloud Expo, Dhiraj Sehgal, in Product and Solution at Tintri, will talk about DevOps and cloud-focused storage to update hundreds of child VMs (different flavors) with updates from a master VM in minutes, saving hours or even days in each development cycle. He will also...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.