Deutsche Bank’s Risk Management Advisory (RMA) group today announced it has introduced numerous enhancements to its web-based risk management tool Comprehensive Approval System (COMPAS).
COMPAS is an advanced web based lending platform for banks and financial institutions. The software helps to significantly increase the profitability of lending based products. COMPAS automates, standardizes and systematically manages the loan origination and credit approval process by providing an automated decision engine while managing the specific credit risks inherent in lending.
Jan Gross, Global Head of Risk Advisory Services at Deutsche Bank emphasized the importance of credit risk management: “Effective credit risk management is a vital component of a bank’s overall risk management and is essential to the long-term success of any banking organization.”
Among the new features that boost product's effectiveness
In addition, COMPAS is available as a modular and flexible business suite. Customers have the option to select and deploy only the functionalities they need which offers customers increased flexibility and decreases total cost of ownership. Costs of implementation of new functionalities are greatly reduced.
Deutsche Bank RMA group developed COMPAS utilizing best practice risk management knowledge, as well as proven technical and business expertise of its premier solution development partner, Luxoft. Luxoft’s involvement makes COMPAS more competitive on the highly populated market of Credit management tools.
For further information, please call:
Deutsche Bank AG
Press & Media Relations
Phone: +49 (0) 69 / 910 84752
Phone: +1 (212) / 964-9900 (x228)
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,053 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Deutsche Bank’s Risk Management Advisory Group
Risk Management Advisory delivers a full range of bespoke solutions to address the risk management and asset servicing requirements of demanding financial institutions and corporate clients in Asia, the Middle East, Europe and Africa.
RMA combines local expertise with international experience and best practice throughout the numerous legislations and jurisdictions where we operate, and is dedicated to being the best financial advisory service provider in the world for the implementation of best practice integrated risk management infrastructure.
Luxoft, a member of the IBS Group, is an emerging global leader in application and product engineering outsourcing services for enterprise IT organizations and software vendors. Luxoft builds lasting partnerships with its clients, such as Boeing, Deutsche Bank, UBS, Dell, IBM, Sabre and other global leaders, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers global delivery capability through its network of state-of-the-art delivery centers in North America, Central & Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, best-of-breed processes and methodologies, and a choice of engagement models.
Luxoft has been awarded the #1 position in the “Emerging European Markets” category of the 2009 “Global Services 100” list. Company is also a recipient of the Applied Innovation Award from the IAOP and Wipro, ITAA and Forbes (together with Deutsche Bank).
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