IBM has unveiled an enterprise risk management platform that uses big data and analytics technology, aiming to give users an instrumented view of risk and accounting functions across an organization.
The platform and dashboard targets C-suite executives in the financial services and credit life cycle management business, IBM said Monday.
Wayne Wilczynski, global risk and regulatory compliance leader at IBM, said the IBM Signature Solution works to help chief financial officers fulfill their roles as decision makers and managers of systems, infrastructure, people and accounts.
“CFOs are now acting as agents to identify new growth opportunities and manage strategic shifts in their companies’ business models,” Wilczynski said.
“To help with this shift, companies are rethinking their use of data and analytics to attain a more holistic view of their portfolio, and to get a single view of their customers and related risk exposures,“ he added.
The system is intended to aggregate and analyze large amounts of credit data pulled from various sources and present them in a format that can be visible and easily accessible to all senior-level executives, IBM says.