The Web-based survey will focus on data quality and current approaches to data management.
Philadelphia, Pa. (September 25, 2007)—The Risk Management Association (RMA) and Automated Financial Systems, Inc. (AFS) announced this week that they will launch a joint survey on enterprise data to support credit risk management.
The Web-based survey will focus on two broad themes, the first being data quality. The industry’s focus on data quality is at an all time high, with regulatory and business incentives finally beginning to converge to promote not simply better quality, but greater standardization and transparency. Respondents from participating institutions will offer their views on their organization’s state of data quality and what they are doing to improve it.
The survey will also explore current approaches and thinking around data management. Core accounting systems, collateral systems, risk models, conventional customer information systems and general ledgers, and data warehouses all play key roles in the management of data. Respondents will offer their insights into the business, technological, and budget considerations their institutions are facing.
By undertaking this survey, RMA and AFS hope to share current thinking and best practices around data capture and maintenance, systems integration, and data management with an eye toward ensuring good quality throughout the data life cycle.
The survey contains 23 questions and should not take more than 20 minutes to complete. Participating institutions will receive a complete set of survey results. To participate in the survey, please e-mail surveys@rmahq.org. Include Enterprise Data Survey in the subject line, and a link to the survey will be e-mailed to you. For additional information on the survey, please contact Suzanne Wharton at RMA at +1 (215) 446-4089 or Doug Skinner at AFS at +1 (484) 875-1562.
About RMA
Founded in 1914, The Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise-wide approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pa., RMA has 3,000 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by 18,500 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific. Visit RMA on the Web at www.rmahq.org.
About AFS
Automated Financial Systems, Inc. (AFS) is an information technology and software development company providing products and professional services exclusively to the financial services industry. Its mission is to work with forward-looking financial institutions to build the industry-leading global franchise for lending processes based on a straight-through processing model and on-demand technology and services. AFS assists clients by combining the lending applications, execution expertise, and management information to mitigate risk, reduce costs, and increase revenue. The firm is headquartered in Exton, Pa.; its European subsidiary, Automated Financial Systems GmbH, is located in Vienna, Austria. For further information, visit the AFS Web site at www.afsvision.com.
CONTACTS:
Doug Skinner, AFS Director, +1 (484) 875-1562
Suzanne Wharton, RMA Project Manager, +1 (215) 446-4089