Munich's Bayerische Vereinsbank AG (BV Bank) is installing a new risk management product from Palo Alto, CA-based Integral Development Corp. that allows active trading and other financial operations data to be mapped directly into a database while still enabling that data to be called up for risk management, modeling and valuation purposes. The data collected and fed into the database is "clean," but not transformed, meaning that all information remains intact and is optimized for use.
The new system being installed by BV Bank, called the Risk Management Framework, is similar to the derivatives trading system that J.P. Morgan bought from Integral earlier this year, only adapted for broader risk management purposes. It includes a universal data mapper, scenario and valuation engines, and an integration data model. FB