Deutsche Postbank London Uses IBM Smart Analytics for Credit Risk
Deutsche Postbank’s London branch is using a IBM Smart Analytics system to help improve the quality and accuracy of its business reporting for risk monitoring, portfolio and collateral analysis. The German multichannel bank’s core business in London is corporate lending for commercial real estate (CRE). As a result, branch management demand accurate and timely management reports to help them make investment decisions.
Prior to implementing the IBM analytics system, the bank’s CRE reporting was time consuming and involved multiple staff to manually collect data from disparate sources. Using IBM technology, the bank now has a single view of business information and can make decisions based on up-to-date information.
IBM’s Smart Analytics was chosen over offerings from Oracle, QlickView and Logica because it offered a fully integrated solution based on IBM’s workload optimised systems and industry-leading IBM analytics and middleware. Using IBM’s specialist industry-specific services, the system delivers an ideal business solution by enabling real-time access to vast amounts of complex data. .
Clarel Sookun, head of IT at Deutsche Postbank, said: “The system has really proved its worth by reducing the time it takes to produce our reports for CRE from hours to minutes and they are ‘accurate to the penny’. The IBM system allows us to centrally store actual and reconciled data and gives us the ability to produce further management reporting at a higher quality level.”
The success of the system has led to plans to extend it to the bank’s finance operations, analysing loan and interest data, and performing ‘what-if’ scenarios using graphical data.