COMPUTERWORLD Magazine No. 124 (May 25, 2003)

Finanware™: business intelligence for banking

Product: Finanware Manufacturer: GrupoCONTEXT GrupoCONTEXT offers the FINANWARE™ product to the Ecuadorian market. This product is a technological innovation of Datawarehouse providing access to management information which facilitates the compliance of financial institutions with the regulations of the Banking Regulation & Supervisory Agency in the areas of Asset & Liability Managment.

According to the Business Manager of GrupoCONTEXT, Rodrigo Cevallos, the program consists of a data model focused on the financial market.

"All the information generated through its data bases is homologated in a single model that can be used with different approaches."

For example, it provides information on Asset & Liability Managment, with a comprehensive view of credit risks via a component which rates the institution's customers in order to define the expected loss. FINANWARE™ also allows the bank to obtain several types of analyses with different business approaches, such as profit per product, per office, per customer. "This is supplemented by internal and external information by analyzing the competition," according to Cevallos.

It further incorporates financial calculations in the software, calculations of the present value, duration, amount of the risk, and provides methodology to determine profitability.

FINANWARE™ is used on the international market. It is currently installed in Banco del Caribe, in Venezuela and Bancafé in Colombia. The following financial institutions are GrupoContext customers: Banco de Guayaquil, Banco Bolivariano, Banco Solidario, Banco del Estado, Banco Internacional.