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.
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.