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Risk Management Technologies unveils RMT Genesis 2.0 to improve integration
of financial data for warehouses; breakthrough graphicaltool increases
usability of data for more accurate business decisions
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Date: Friday, April 11, 1997
Source: Business Wire
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BERKELEY, Calif.--(BUSINESS WIRE) via Individual Inc. -- Risk Management
Technologies (RMT), developer of the industry-leading RADAR RiskManager
software, has released RMT Genesis 2.0, a graphical data integration tool
that helps financial institutions build and manage data warehouses.
RMT Genesis is a client-server application generator. It is the only
integrated application which performs both of the essential data
integration functions:
1. By scrubbing, mapping and transforming data from multiple sources, RMT
Genesis creates a single transaction-level data warehouse for the entire
institution.
2. By organizing and optimizing warehouse data, RMT Genesis enables
financial institutions to create smaller specialized data marts. These are
used for focused analyses such as interest rate risk management, credit
risk management, marketing or product design.
RMT Genesis was developed at RMT by a team led by company president
Jefferson Braswell. "RMT Genesis helps financial institutions to organize
and optimize data repositories more quickly, easily and reliably than has
ever been possible before," said Braswell. "RMT Genesis provides an
intuitive and detailed graphical view of the logic that transforms and maps
data targeted for analysis," Braswell continued.
"Developers no longer need to write cryptic computer code to build
specialized analysis applications. Instead, they can develop mapping and
optimization specifications visually by pointing and clicking with a mouse.
Then, RMT Genesis automatically generates the client-server based
applications which actually integrate and organize the data."
RMT Genesis collects and integrates data from every processing system
within the institution, including database tables and views, fixed and
variable length files, delimited files, and PC and mainframe files. Then it
transforms that data by arranging it into consistent formats that can be
used for analysis by many different decision support applications. The tool
also identifies missing or corrupted data fields and reports on specific
field values that fall outside predefined ranges.
RMT Genesis offers four main advantages over previous data integration
tools:
1. Business users can participate side-by-side with technical staff to
rapidly develop actual applications, instead of just writing specifications
for programmers to write later. This cuts months out of the traditional
development cycle.
2. Because RMT Genesis is designed for client-server database environments,
including Informix, DB2 and Oracle, it takes advantage of powerful UNIX
servers to provide high-performance applications more affordably than
mainframe-based competitors.
3. RMT Genesis is fast. Using the tool, a typical complex financial
institution can integrate its entire enterprise data set, typically
involving dozens of information sources, in a few months, instead of the
years traditionally required. The time savings alone can provide a
substantial cost savings.
4. RMT Genesis is powerful enough to handle the enterprise data warehousing
needs of even the largest financial institutions. For example, $480-billion
Sumitomo Bank in Tokyo uses RMT Genesis, running on Digital Alpha
parallel-processing servers, to integrate information from more than 50
different processing systems into a global repository approaching a
terabyte in size. In operational tests, Sumitomo Bank has successfully
mapped and integrated over 5 million records per hour.
"RMT Genesis is a graphical, user friendly tool that makes data mapping
quicker, and easier than ever before," said Mike Waggoner, manager of
interest rate risk analysis for CoBank, a financial institution with about
$20 billion in assets in Englewood, Colo. "Genesis combines information
from different sources into a single repository with a common data format,"
he continued, "and this opens the door for a data warehouse approach to
storing and analyzing our chart of accounts."
RMT was founded in 1989 specifically to provide comprehensive decision
support systems for major financial institutions. Since coming to market in
1993 with a complete asset-liability management product targeted at larger,
more complex and sophisticated institutions, RMT has garnered such domestic
clients as Chase Manhattan Bank, New York; First Union Corp., Charlotte,
NC; Wachovia Corp., Winston-Salem, NC; and Wells Fargo & Co., San
Francisco.
Lead clients outside the United States include Abbey National in London,
ANZ Bank in Melbourne and Sumitomo Bank in Tokyo.
CONTACT: Risk Management Technologies | Alan Tobey, 800/233-2635, ext. 243
| [email protected]
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