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IBM and RMT Form Joint Venture to Develop Asset Liability and Data Warehouse Solution

Strategic Insights

— 1 min read

IBM and Risk Management Technologies (RMT) have announced a joint venture to develop and market a massively parallel processing asset liability and data warehouse solution. The RADAR System, industry-leading financial risk management software, will be integrated with IBM's RISC System/6000 SP Scalable Power Parallel (RS/6000 SP) architecture. This collaboration aims to provide financial institutions with real-time data analysis capabilities and more effective management of profitability and risk exposure.

Key Takeaways:

  • The joint venture will develop a massively parallel processing asset liability and data warehouse solution, integrating RMT's RADAR System with IBM's RS/6000 SP architecture.
  • The RADAR System is a leading financial risk management software used to reduce interest rate risk exposure, maximize profits, and manage product, business unit, and customer relationships.
  • IBM will have the right to resell, install, and support the RADAR System in the Asia-Pacific region, with RMT providing technical support for data integration.
  • The RS/6000 SP platform will enable complex queries on vast databases in real-time, dividing analytical work over multiple computing nodes.
  • The collaboration aims to provide breakthrough solutions for financial institutions, addressing complex asset liability and data analysis needs.
  • RMT and IBM will work together on a project with Sumitomo Bank in Tokyo, enhancing the bank's global asset liability management and risk management capabilities.
  • RMT has partnered with other prominent financial institutions, including Chemical Bank, First Union, Great Western Bank, Wachovia Corp., and Wells Fargo, among others.

Statistics:

  • The joint venture will develop a solution with real-time data analysis capabilities, enabling financial institutions to manage risk exposure and maximize profits.
  • The RS/6000 SP platform can process complex queries on vast databases in real-time, with multiple computing nodes handling analytical work.
  • IBM's affiliation with RMT dates back to earlier this year, when they were selected by Sumitomo Bank for a RADAR System implementation.
  • RMT has garnered clients from prominent financial institutions, including Credit Suisse and Sumitomo Bank, since introducing its asset liability management product in 1993.
  • The joint venture represents a significant step in IBM's commitment to providing integrated solutions in the financial services industry.

Sources:

  • Business Wire, October 31, 1995
  • IBM and Risk Management Technologies press release
  • Lynne Winters (The Reference Point), 212-496-0400
  • Ian Colley (IBM), 914-642-6219
  • David LaCross (CEO, RMT), 510-548-7799

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