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Press release Box-ID: 192767

Bosch Software Innovations GmbH Ziegelei 7 88090 Immenstaad am Bodensee, Germany http://www.bosch-si.de
Contact Ms Angelika Lange +49 7545 202563
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Bosch Software Innovations GmbH

DG HYP introduces a new Basel II Rating Application

Deutsche Genossenschafts-Hypothekenbank AG in Hamburg/Germany will be evaluating credit risks with a central Basel II-compliant platform.

(PresseBox) (Immenstaad, Hamburg, )
The Deutsche Genossenschafts-Hypothekenbank AG (DG HYP) specializes in commercial real estate financing within the DZ BANK Group. The company has decided to manage its rating, scoring and LGD estimation processes using a new rating platform. DG HYP has chosen Visual Rules Business Rules Management System, from Innovations Softwaretechnologie. Visual Rules implements all estimation processes and operationalizes them using its Credit Risk Rating Platform.

Approval for the IRB approach since 2007

Three years ago DG HYP introduced a series of estimation processes for its lending operations in order to comply with the requirement of the German Solvency Regulation (SolvV). These processes are available on a number of platforms. Since receiving approval on 1 Jan 2007 for the IRB (internal ratings-based) approach, DG HYP will be consolidating its technological environment, with the goal of providing users with a uniform state-of-the-art application that simultaneously simplifies and accelerates future methodological enhancements.

Web-based platform for interaction between Business and IT

The Basel II Rating Platform from Innovations will be deployed in the future as DG HYP’s central application for technical rating models. It facilitates a methodically and technically uniform implementation of the Basel II rating procedures and will be available to credit analysts to assist them with rating, scoring and LGD estimation processes.

The platform is Web-based and streamlines the interaction between Business and IT divisions.

Bosch Software Innovations GmbH

Innovations Software Technology is a development partner for relationship management systems and risk and compliance solutions. The company was founded in 1997. Its customers include companies such as Bank Vontobel, Zürcher Kantonalbank, LGT Bank in Liechtenstein, Schweizerische Post - Post Finance, the Swiss Life Group, Volkswagen Bank and Rand Merchant Bank. Innovations is one of the leading providers of anti-money laundering solutions in Switzerland and Liechtenstein with its MLDS system.

Since September 2008 Innovations Software Technology belongs to the Bosch Group, an international leading technology and service provider.

www.innovations-software.com

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.