Aleri, a provider of vector-based data processing and business intelligence software, today announced Predrag Dizdarevic, Executive Vice President and Head of Solutions at Capco, the global financial solutions and technology provider, has joined Aleri’s Board. Mr Dizdarevic brings over 25 years of software development experience focused on the development of commercial applications of innovative technology for the financial services industry. Capco and Aleri have also recently signed an alliance agreement to develop an operational risk management solution around Basle II requirements using Aleri’s Information Engine.
As Head of Capco’s global solutions, Mr Dizdarevic is responsible for the company’s vision and the execution of the strategy for transformational technology solutions and solutions aggregation. Prior to joining Capco, he was president and CEO of Financial Technologies International (FTI), a provider of rules-based software products for real-time transaction processing. Previously he was senior vice president of research and development at Computer Associates, where he played a leading role in defining the company’s strategic direction for new technologies including relational database management systems, interactive multimedia and object databases.
Says Aleri chairman Alan Hambrook: “Today many banks are challenged by their inability to respond to Basle II requirements due to the complexity and volume of their transactions. Aleri’s technology provides a faster, more flexible approach to volatility than anything else we’ve seen in the market. Predrag and Capco have the experience and vision to help us position the value of this offering to the banking community and we are proud that he has agreed to be on our board.”
Says Predrag Dizdarevic: “Our two companies have already developed an approach which addresses the aggregation of risk data from disparate sources, providing global banks with the ability to assess data on the basis of predefined business rules and to report on a real-time basis. This innovative way forward requires a new way of thinking but those who investigate it will find that many of the operational risk issues which confront them will disappear at a surprisingly low base cost.”