AG Delta and Catena Technologies Team Up to Deliver Basel II and Active Risk Management Solutions
20th April 2006 - AG Delta Pte Ltd and Catena Technologies Pte Ltd announced that they will work together to deliver Basel II and Active Risk Management Solutions. Catena Technologies will combine its enterprise integration and business process management (BPM) delivery capabilities with AG Delta's Trading and Enterprise Risk management consulting expertise to deploy solutions that both address Basel II compliance standards and actively control economic capital allocation based on risk adjusted returns at the transaction level.
"The benefits financial institutions' will gain from their investment in Basel II compliance will be limited unless they use economic capital analysis to determine risk adjusted return. Combined with other risk analytics, analyzing economic capital allocation at the transaction level enables financial institutions to actively manage their risk." said Lawrence Grinceri, Principal Consultant for Enterprise Risk of AG Delta. "By providing integration architecture design and business process management expertise, Catena will enhance our ability to connect enterprise risk management engines with front office trading solutions. This end-to-end connectivity will enhance decision support workflows driven by profitability measurement approaches such as rate of return on capital, also referred to as RAROC."
Randall Duran, Chief Executive Officer of Catena Technologies said, "we have been seeing growing demand from customers to incorporate risk adjusted return factors into front-office workflows. Process orchestration technologies are ideal for integrating output from enterprise risk analytical engines to trading platforms such as Murex to control decision workflows based on capital allocation as apposed to trading limits. AG Delta's strength in trading and risk management will greatly complement our existing capabilities, providing solutions to actively manage risk across the enterprise".
Both AG Delta and Catena technologies are head-quartered in Singapore and work with leading financial firms throughout the world.
About Catena Technologies
Catena Technologies specializes in technology architecture and design for business process management (BPM), enterprise integration, and enterprise content management. With over two decades experience working in the global financial markets, Catena Technologies, combines subject matter expertise with in-depth technology design and delivery capabilities.
About AG Delta
AG Delta specializes in the design, deployment and operation of Active Risk Management solutions that measure, manage and control the economic capital across all business domains and allow financial services organizations to operate their business at all levels based on Risk Adjusted Returns.
For More Information Contact:
Catena Technologies Pte Ltd
3 Phillip Street
#10-01 Royal Group Building
Republic of Singapore
Phone: +65 6100 0881
Fax: +65 6399 0881