Andersen alliance delivers banking solutions

Andersen Consulting, SAP America, Financial Technologies International and STC have announced a marketing alliance to deliver global financial banking architecture solutions to financial services organisations.

The alliance will enable financial institutions to quickly implement customised global financial banking architectures that provide "near real-time" information to manage their risk exposure and profitability more effectively.

These architectures will integrate data from internal legacy systems and external market data feeds, leveraging data-driven, rules-based, message-orientated Net-centric technologies. By integrating the "near real-time" architectures with inter-enterprise software solutions, financial services organisations will be able to obtain enterprise-wide economic performance management information, including specific data about channel utilisation, product profitability and customer profitability.

Under the alliance, Andersen Consulting will provide knowledge capital and advanced design models for the integrated performance management of a range of banking activities. SAP will provide role-based mySAP.com solutions including web portals, banking specific allocation engines, and multi-dimensional reporting capabilities. FTI will provide a rules-based accounting engine and a financial markets data model.