Australia and New Zealand Banking Group Ltd. has installed the latest version of risk-management software from General Electric Information Services.
GE officials said the software enables the $68 billion-asset commercial and wholesale bank to monitor credit exposure in a real-time trading environment from a central location.
The risk-management software system has been rebuilt, improving its ability to link with other computer systems, such as those of external service providers.
The Melbourne-based bank's upgrade comes as the increasingly complex global financial market has called attention to the need for credit and securities trading risk assessment in banking and other financial institutions.