RedPoint Global, a leading provider of data management and customer engagement technology, announced that Hewlett Packard Enterprise (HPE) selected RedPoint’s data management platform to power a new HPE Risk Data Aggregation and Reporting (RDAR) integrated solution, designed to service the world’s Financial Institutions (FIs). RedPoint Data Management™ will be the underlying platform to manage and cleanse both structured and unstructured data as part of the HPE RDAR solution. RDAR provides FIs with an integrated yet modular offering, designed to complement and accelerate their path to complying with the guidelines of Basel Committee on Banking Supervision (BCBS) 239.
BCBS 239 present the FIs with challenges that cut across conventional thinking and methodologies, which necessitate a new way of managing data, away from fragmented silos and governance that co-exist today.
Banking regulations at this level represents probably the world’s biggest data challenge,” said Dale Renner, CEO of RedPoint Global. “Each bank generates massive amounts of data coming from a large number of sources. All that data needs to be integrated, linked and examined in order to ensure that the bank itself remains strong. Since these banks have already been designated as too-big-to-fail, their strength is core to the very survival of our economic system.”
RDAR is an integrated solution framework for rapid enablement of BCBS 239 compliance, accelerating the provenance of enterprise conduct to analytics and data management to BCBS 239 guidelines through standardized data taxonomies, provisions, data quality and distribution integration.
Data fuels the new style of business driving the idea economy and transcends across all facets of the Enterprise,” said Martin Risau, SVP, Analytics & Data Management Practice, Hewlett Packard Enterprise. “Leveraging RedPoint’s data management platform to power HPE’s RDAR solution, coupled with our deep experience in implementation, program leadership and management, we expect to provide our clients with best of breed services and integration for steadfast throughput and speed to deployment.”
RedPoint Data Management manages unstructured and structured data in a single platform, enabling HPE and its banking clients to easily manage all data assets across the enterprise.
The sophisticated data management features of the RedPoint offering include: identity resolution, master key management, data parsing, international address standardization, data quality, aggregations, transformations, and automations. A unique benefit of RedPoint Data Management is its ability to deliver these robust capabilities across both traditional and Hadoop data environments providing a single application and interface that spans both.
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