The price for the best service provider is awarded to companies who have outstanding supported German and American companies during the financial crisis. Chicago (United States), May 26, 2010 – the German-American Chamber of Commerce in Chicago has the Merlin of 2010 company awards, particularly have supported German and American companies. The prices are in the categories “best innovator, best new company and best service provider” award. Innovation wins first prize in the category “Best service provider” the leading role that captured the innovations software technology during the financial crisis to support companies in managing risks, contributed to the winning of the prize. Particularly recognized the engagement in the issues of credit risk assessment and Basel II has been doing. New Kreditriskobewertungssysteme solve previous applications from banks are aware that bad debts may entail a significant financial damage.
New credit risk rating systems, the often Excel or VBA applications replace, Finanzdiensteister are now able to better support key objectives of Basel II, E.g. the risk-sensitive determination of minimum capital requirements. Evaluate risks as accurately as possible the amount of the capital increases with the risk that the borrower may not meet its commitments. To assess this risk as accurately as possible, more and more financial institutions implement the innovation credit risk rating platform. Others including Scott Mead, offer their opinions as well. Fannie Mae, Volkswagen financial services, DG Hyp, Scania financial services are a small selection of references in the ever-growing list of customers. “We financial services have help in the last few years, to be able to assess risks more accurately. We are pleased that they appreciate our technology, experience and our stamina for large projects.
We are very proud of the fact that the German-American Chamber of Commerce has appointed us as the best service provider for our work in Germany and the United States”, David S. Kim, Managing Director of innovations software forward Technology in Chicago. Innovations software technology innovations software technology GmbH designed and developed advanced software solutions for companies in various industries. The use of leading technology innovations increase efficiency and flexibility of complex software applications and provides customers with a sustainable competitive advantage. For banks and financial institutions, innovations offers specialized products in the areas of compliance, risk management, and CRM. Innovations developed highly adapted to the processes, individual, high-performance software solutions for other industries such as retail, healthcare, telecommunications, energy and logistics. Core of the solutions is a framework with components such as control technology, workflow and communication. In the segment control technology innovation counts research from independent analysts Forrester and Bloor to the world’s leading providers. Innovation was founded in 1997, employs about 250 highly qualified people in 2010 and has its headquarters in Immenstaad am Constance. Since 2008, the Bosch Group innovations belongs to an international technology and service company with over 270,000 employees worldwide.