Rabobank has selected a business intelligence solution from HP in a deal valued at US$4.3m. The Netherlands-based bank selected a solution based on HP Neoview, a next-generation data warehousing platform, as well as HP Services. The solution has already demonstrated improvements in performance and cost, and the bank hopes it will accelerate its business growth. Separately, HP announced a new business intelligence solution that is designed to enable financial services organisations to better measure risk and improve compliance management processes. Based on HP Neoview, the HP Enterprise Risk Management solution addresses all three pillars of Basel II and aids in the compliance of industry regulations such as Sarbanes-Oxley, International Accounting Standards, Anti-Money Laundering and Know Your Customer. The solution was developed in collaboration with industry-leading business intelligence software partners Informatica, MicroStrategy and Quadrant. HP has coupled this technology with its business intelligence hardware and services to deliver a broad offering for enhanced data access, governance and data quality management.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.