Resources for Basel II Capital Accord (Basel II)

Business intelligence drives compliance for M&S

www.computerweekly.com

M&S Money is a leading UK financial services company. A wholly owned subsidiary of global banking leader HSBC, it retains a close working partnership with UK-based Marks & Spencer, has a very similar customer profile and collaborates on customer activities.

Like all financial services providers, M&S Money had the challenge of readying its information environment to comply with the Basel II Capital Accord by 1 January 2007. In doing so, the company wished to accomplish a number of operational benefits, namely the assurance of customer data accuracy, reduction of time taken to complete business analysis and increase assuredness in the quality of data.

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