Endeca and IBM to Offer Information Access and Analysis Solution for Credit Risk Management

Business Wire, Dec 11, 2007

Risk Insight shifts paradigm of information usage from reactive to proactive portfolio management

CAMBRIDGE, Mass. -- Endeca Technologies, Inc., an enterprise information access software company, today announced it is working with IBM to introduce Risk Insight, a new solution built on the Endeca Information Access Platform that provides lending financial institutions unprecedented transparency into risk portfolio dynamics. Risk Insight helps companies to better manage portfolio risk and take action quickly and effectively when necessary.

Traditional risk-management tools provide only limited support of ad-hoc investigation, identification of risk concentrations, and proactive portfolio management. Risk Insight provides chief credit officers (CCO) with an interactive dashboard of key portfolio performance indicators that are dynamically summarized and visually presented to promote the identification of drivers and concentrations of portfolio risk.

"Risk Insight is significant because credit risk managers have moved beyond just dealing with the reporting of regulatory requirements to proactively managing risk portfolios," said Matt Eichner, vice president of strategic development and marketing at Endeca. "Events such as the recent sub-prime mortgage meltdown have highlighted the importance of minimizing risk concentrations. We're empowering companies to discover key areas of risk, determine where their greatest exposure lies and take appropriate action."

Risk Insight is built on the Endeca Information Access Platform (IAP) and utilizes IBM's Entity Analytic Solutions (EAS) software. The Endeca Information Access Platform provides business users with an intuitive, interactive exploration capability, dynamically filtering and summarizing data as the user explores. EAS resolves disparate, account-level records into common parent entity relationships across products, business lines, or systems, supporting exposure analysis at the common obligor level.

"Banks are looking for new ways to better analyze and mitigate risks," said Christopher George, Business Risk Management Leader, Financial Services Sector, IBM Global Business Services. "The combination of Endeca's Information Access technology and IBM analytics software helps our joint clients manage risk in real-time as events happen, eliminating the need for risk officers to rely on static reports that are 30 to 45 days old."

About Endeca

Endeca is a next-generation information access company, uniting the ease of search with the analytical power of business intelligence. Combining patented intellectual property, breakthrough science and a deep focus on user experience, the Endeca Information Access Platform helps people find, analyze and understand information in ways never before possible. Leading global organizations like ABN AMRO, Bank of America, Boeing, Cox Newspapers, Dice, The (US) Defense Intelligence Agency, The Home Depot, Hyatt, IBM, John Deere, The Library of Congress, Nike, and Walmart.com rely on Endeca to power business-critical applications that increase revenue, reduce costs and streamline operations.

Headquartered in Cambridge, MA, USA, Endeca is a private company with worldwide operations. For more information: www.endeca.com or info@endeca.com.

About IBM

For more information about IBM, please visit www.ibm.com.