RMA and iLumen™ Announce Strategic Relationship
RMA Annual Statement Studies® is Now Integrated with iLumenís Portfolio Connection® Platform; Bankers and Accountants Will Have Expanded Data Analysis Capabilities
PHILADELPHIA & ATLANTA----The Risk Management Association (RMA) and iLumen have announced a strategic partnership to distribute RMAís Annual Statement Studies as an integrated component in iLumenís Portfolio Connection platform.
The integration will be a key component of iLumenís new Risk Edition of Portfolio Connection for Financial Institutions that will further integrate industry analysis and customer analytics into their risk management process. RMAís leadership in providing private company benchmarking information will be strengthened by iLumenís ability to collect, standardize and electronically deliver commercial customer financial information.
"iLumen offers a unique benchmarking and analytical platform that collects and combines commercial customer financial statement data with internal bank data to support multiple initiatives in lending, from credit risk analysis to relationship management," said Mark Zmiewski, director, Product Management and Enterprise Risk at RMA. "Seamlessly integrating Annual Statement Studies with other iLumen-powered customer data on a common automated platform gives the banker or CPA professional the best of all available resources with no manual effort or rekeying of data."
"The Risk Management Association is the leader in advancing the use of sound risk principles in the financial services industry," said Michael Canzian, CEO of iLumen. "The integration of RMA data with iLumenís Portfolio Connection platform will extend the value of iLumen reporting and RMA data, thereby making them both more useful and broadly adopted by the large number of relationship managers, credit risk managers and accountants who use the iLumen platform every day to manage their business client base."
Founded in 1914, The Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise-wide approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pa., RMA has 3,000 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by over 18,000 risk management professionals who are chapter members in financial centers throughout North America, Europe and Asia/Pacific. Visit the RMA website at www.rmahq.org.
iLumen, Inc. provides technology to capture, standardize, analyze and distribute company financial data in order to solve critical problems in risk management, relationship management and financial oversight within the banking, accounting and corporate environments. iLumenís services are based on a proprietary business intelligence and data mapping engine that delivers clean, accurate and timely customer data to enable efficiency, customer intelligence and competitive advantage. For more information, visit www.ilumen.com or call 888-663-8003. iLumen™, iDEA®, Portfolio Connection® and Customer Connection® are trademarks of iLumen, Inc. All rights reserved.