MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Bank of the West has selected MicroStrategy for risk management reporting and analysis. Based in San Francisco, Bank of the West has 480 banking locations in 16 states an
McLean, Va., (August 02, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Bank of the West has selected MicroStrategy for risk management reporting and analysis. Based in San Francisco, Bank of the West has 480 banking locations in 16 states and $41.0 billion in assets.
To mitigate risk in collections and lending, Bank of the West will use MicroStrategy to glean valuable information from its collections data warehouse, which contains loan default information. With MicroStrategy, Bank of the West personnel can analyze lending and collections data to generate reports that compare risk management strategies, assess effectiveness, and determine optimal risk management policies for the company.
“We perform sophisticated analyses to evaluate and enhance our risk management program,” said John Kenneth Lord, Vice President of Bank of the West. “With MicroStrategy’s powerful analytics and intuitive web interface, our personnel can create insightful reports that help us to make data-driven decisions that ultimately have a positive impact on our bottom line.”
“MicroStrategy is pleased to add Bank of the West to our growing list of financial services customers,” said MicroStrategy’s COO Sanju Bansal. “Our flexible and scalable architecture is well-suited for financial institutions, enabling them to make better use of their volumes of data to improve operations, find new revenue opportunities, reduce costs, and improve efficiencies.”
About Bank of the West
Bank of the West (www.bankofthewest.com), which is based in San Francisco, has $41.0 billion in assets. It has 480 banking locations in 16 Western and Midwestern states: California, Oregon, Washington, Idaho, Nevada, Utah, Arizona, New Mexico, Colorado, Wyoming, Nebraska, North and South Dakota, Minnesota, Iowa and Wisconsin. Founded in San Jose, California in 1874 as Farmers National Gold Bank, Bank of the West is the fourth-largest commercial bank headquartered west of the Mississippi.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy