Printer Friendly
The Free Library
22,728,043 articles and books

SPSS for Banking -- Credit Risk Model Validation Endorsed by SAP.



Complementary Solutions From SPSS A statistical package from SPSS, Inc., Chicago (www.spss.com) that runs on PCs, most mainframes and minis and is used extensively in marketing research. It provides over 50 statistical processes, including regression analysis, correlation and analysis of variance.  and SAP to Enhance Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations  Solution for Banking

CHICAGO -- SPSS Inc. (Nasdaq: SPSS), a worldwide provider of predictive analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events.  software, announced today its SPSS([R]) for Banking -- Credit Risk Model Validation 1.0 has become an SAP-endorsed business solution.

SAP-endorsed business solutions are complementary to SAP([R]) software offerings, are developed in accordance with SAP development guidelines and provide additional choices and flexibility for businesses running SAP software. SAP-endorsed business solutions are powered by the SAP NetWeaver([R]) platform and offered by SAP partners.

SPSS for Banking -- Credit Risk Model Validation includes the market-leading SPSS Clementine Clementine

forty-niner’s drowned daughter; “lost and gone forever.” [Am. Music: Leach, 236]

See : Grief
([R]) predictive analytics platform, which recently achieved "Powered by SAP NetWeaver" status. SPSS Clementine is complementary to the SAP Bank Analyzer set of applications for finance and risk management. The communication between SAP Bank Analyzer and SPSS Clementine is enabled through the SAP NetWeaver Exchange Infrastructure (SAP NetWeaver XI), a component of the SAP NetWeaver platform that supports the exchange of messages among a number of systems.

The SPSS predictive analytics platform offers a wide variety of advanced modeling capabilities and has the ability to work with large amounts of data and hundreds of different variables. It significantly increases data mining productivity and returns, while enabling quicker and more effective credit risk modeling processes. The results of the analysis in the SPSS software solution are available to SAP customers through integration with the SAP NetWeaver Portal.

"We're pleased our SPSS for Banking -- Credit Risk Model Validation solution is endorsed by SAP," said Patrick McCue Patrick Aloysius McCue (born June 24, 1883[1] - died September 10, 1962) was an Australian rugby union player who competed in the 1908 Summer Olympics.

He was a member of the Australian rugby union team, which won the gold medal.

1.
, vice president of worldwide alliances at SPSS. "Our collaboration with SAP allows SPSS' predictive analytics to be easily leveraged within existing SAP solution-based environments, helping banks further in their journey toward becoming predictive enterprises."

This SPSS software solution enables banks using SAP Bank Analyzer to validate their analytical models in order to better assess their credit risk, required as part of the internal ratings-based (IRB IRB

See: Industrial Revenue Bond
) approach under the Basel II regulations. The qualification of credit risk allows banks to better manage this risk and define their minimal capital requirements Capital requirements

Financing required for the operation of a business, composed of long-term and working capital plus fixed assets.
. SPSS for Banking -- Credit Risk Model Validation helps financial institutions compare model prediction with actual credit scoring Credit scoring

A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness.
 results, enabling the statistical validation of the performance of their models and, thereby, comply with Basel II regulations.

"SAP's strategy for the banking industry focuses on bringing together our enterprise service-oriented architecture See SOA.  and banking-specific applications with leading solution providers to enhance and complement solutions provided by each company," said Marc Derungs, vice president of banking at SAP. "Being able to deliver end-to-end processing capabilities to a bank's credit-risk assessment procedures is a strategic business benefit that our joint banking customers will experience through this relationship."

Added McCue, "As part of this expanded cooperation with SAP, we will have a stronger market presence in marketing and delivering SPSS for Banking -- Credit Risk Model Validation, making its capabilities available to many more financial organizations across the globe."

About SPSS Inc.

SPSS Inc. (Nasdaq: SPSS) is a leading global provider of predictive analytics software and solutions. The company's predictive analytics technology improves business processes by giving organizations forward visibility for decisions made every day. By incorporating predictive analytics into their daily operations, organizations become Predictive Enterprises--able to direct and automate decisions to meet business goals and achieve a measurable competitive advantage. More than 250,000 public sector, academic, and commercial customers rely on SPSS technology to help increase revenue, reduce costs, and detect and prevent fraud. Founded in 1968, SPSS is headquartered in Chicago, Illinois. For more information, please visit www.spss.com.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement

This press release contains forward-looking information made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Forward looking statements can be identified by phrases such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "could," "designed," "should be" and other similar expressions which denote expectations of future events rather than statements of fact. These forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 involve factors that are subject to risks and uncertainties. These risks and uncertainties, which may not be currently ascertainable and many of which are beyond the Company's control, may cause the Company's actual results, performance or achievements to be materially different than the results, performance or achievements expressed in or implied by the forward-looking statements. These risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies of these filings are available either on the SEC's website at www.sec.gov or from the Company's investor relations Investor relations

The process by which the corporation communicates with its investors.
 department. In light of these risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that any future results, performance or achievements will be attained. These forward-looking statements speak only as of the date on which they are made. The Company assumes no obligation to update the forward-looking statements contained in this press release.

SPSS is a registered trademark of SPSS Inc.

SAP, SAP NetWeaver and other SAP products This presents a list of products of the enterprise software company SAP AG. Enterprise Applications
  • SAP
  • Customer Relationship Management (CRM)
 and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America.  in Germany and in several other countries all over the world.

All other product and service names mentioned are the trademarks of their respective companies.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 17, 2007
Words:871
Previous Article:CDC Software to Acquire Saratoga Systems and Expand Vertical CRM Solutions, Expertise and Customers.
Next Article:MetaSwitch Launches MarketVisions Program to Support Customer Roll Outs of New Services.
Topics:



Related Articles
SPSS Announces AnswerTree 2.0; Powerful Desktop Data Mining Software Features Dramatic Performance and Data Access Improvements.
SPSS Ships AnswerTree 2.0 Desktop Data Mining Software; Software Features Dramatic Data Access and Performance Improvements and Web Distribution...
SPSS Launches Corporate Donation Campaign; Campaign Will Bring Together Businesses and Universities to Help Prepare Students for Tomorrow's Business...
SPSS Data Mining Tools Lead KDnuggets Poll.
SPSS SHIPS DATA ENTRY 3.0 FOR LINUX AND SUN SOLARIS SYSTEMS.
ClearCommerce Uses Clementine Data Mining Workbench in Its Fraud Prevention Solution; Online Transaction Software Delivers Better Fraud Detection...
Salford Systems Joins Clementine Plus Partner Program; Partnership Enables Integration of CART and MARS With Leading Platform for Data Mining From...
SPSS Advances Data Mining Software with New Release.
SPSS Clementine(R) Software Obtains "Powered by SAP NetWeaver(R)" Qualification.
StreamServe Announces StreamServe Financial Services is Now an SAP-Endorsed Business Solution for Banking.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters