Achieving Basel II Compliance with Aldon

Aldon's Process-Driven Change Management Brings Rapid Reduction of IT Operational Risk

The Basel II specification is concerned with operational risk resulting from failed internal processes, people and systems, or from external events. The higher the operational risk factor, the greater the amount of funds that must be reserved to cover the risk. IT operations and development processes raise operational risk issues for Basel II compliance since they are rarely defined, inconsistent and undocumented. Aldon's application lifecycle management solutions for Basel II bring predictability to IT application development and operations, reducing overall operational risk without sacrificing IT's ability to deliver and maintain mission-critical business applications. The Aldon Basel II solution decreases and streamlines the management of operational risk associated with IT development and operations through:

• Process management for operational predictability and achievement of business goals
• Management of corporate assets for improved security and utilization
• Workflow and change management automation for approval enforcement and enhanced auditing
• Ease of implementation and use to streamline rollout and administration