Financial Technologies International (FTI) has developed a promising alternative to data warehousing for banks specifically interested in consolidating information across a bank department, division or enterprise for the purposes of analysis.

"The Box Universal Financial Server" is built on a global financial data model, which facilitates analysis, says Charles Lewis, CEO of New York City-based FTI. And the Java-enabled server is capable of real-time processing, he says, calling it a "proactive financial management tool." With The Box, a bank can monitor if the foreign exchange desk, for example, is overexposed in Japanese yen at any point in the day and then act on that immediately.

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