August 20, 2001 — Bellevue, WA — Moody's Risk Management Services, a trusted provider of credit risk analysis and management tools and services, has adopted ITTIA's RDMi™ ODBC interface to add efficiency in operations involving RDM. According to a Moody's IT executive, the ITTIA technology proved easy to install, and can be used transparently by analysts to access key financial data.
Moody's has licensed third-party software for data about specific banks, brokerages and other financial institutions. This software stores the information in RDM, an embedded database. Although a front-end application is provided with the software, RDM's proprietary format made it impossible to access the data directly and thereby design customized interfaces or to seamlessly transfer data to other applications.
This situation frustrated some analysts, according to Thom King, director of data management at Moody's. "We just had to do without" certain data access methods that would have streamlined their activities.
Unlocking Hidden Value
But after obtaining ITTIA's RDMi™ ODBC driver, Moody's was able to unlock information in the application, opening the engine permanently to a wide variety of ODBC-supporting querying tools and third-party applications. The RDMi™ interface takes advantage of performance-enhancing RDM features such as the "d_" core-level API and combined network/b-tree database models, delivering data with the efficiency associated with such databases.
King noted that RDMi™ "worked perfectly" and installed easily. "It snaps into native ODBC capabilities that are in Windows, so there's no coding to do," King said. Now, the analysts can freely download information into preferred applications, saving time-and costs-by designing the most efficient analysis methods.
King added that when called upon to answer technical questions, ITTIA's response was "excellent, both in promptness and in quality of information."
"Moody's Risk Management Services provides a perfect example of the value that can be obtained from previously inaccessible information, using ITTIA's highly efficient RDMi ODBC interface," said Sasan Montaseri, ITTIA President. "This also exemplifies ITTIA's commitment to providing greater efficiency and flexibility. We listen to our customers to determine embedded market needs, and implement solutions accordingly."
About RDMi™
The RDMi™ ODBC driver provides an industry-standard programming interface for accessing the full power of RDM. RDMi™ enables popular database tools as Crystal Reports and Cognos to extend the capabilities of RDM. In addition, with RDMi™, a RDM database becomes an available data source for ADO and OLE DB through Microsoft's ODBC provider for OLE DB.
For application end-users, RDMi™ opens RDM to the world of database interoperability. For companies with RDM-based applications, RDMi™ provides an opportunity to add value when customers demand open access to the application data: there is no need to switch databases or implement a replication scheme when use of RDMi™ provides a more time- and cost-effective solution. RDMiTM's ability to open the database offers increased benefits from an RDM-based application, and thus is an aid to securing new customers and increasing revenue.
RDMi™ is available in read-only, read-write, single-user and multi-user implementations. Because RDMi™ is a comprehensive implementation of the ODBC 3.0 specification, it supports the complete range of complex queries: expressions, aggregation, filters, and ordering. RDMi™ will exploit network model sets for optimal join processing, and make use of keys for more efficient filters and ordering.
About Moody's
Moody's Risk Management Services (MRMS), a wholly owned subsidiary of Moody's Investors Service, is a leading provider of financial software, credit training and both quantitative and judgmental credit risk assessment models. Its client base ranges from community banks to large credit-granting institutions and asset managers. MRMS has offices in New York; London and Reigate, U.K.; Dublin, Ireland; Walnut Creek, California; and South Bend, Indiana.
Moody's Investors Service, a subsidiary of Moody's Corporation (NYSE:MCO), is the leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets. The company, with offices in New York, Tokyo, London, Paris, Sydney, San Francisco, Frankfurt, Dallas, Madrid, Toronto, Hong Kong, Singapore, Limassol, São Paulo, Milan, and Mexico City issues ratings on more than 4,200 corporations and 68,000 public finance debt securities issued by corporations and governments in more than 100 nations.
About ITTIA
Founded in February 2000, ITTIA provides solutions for embedded data management, information mobilization, and data integration. The company provides easy access for businesses that need critical information immediately, from traditional PCs, Web clients and emerging mobile devices. ITTIA experts offer experience with various embedded databases and provide services including database design, application development, performance optimization and tuning, design reviews and mobile platform selection.
For more information, please visit www.ittia.com.
* Birdstep RDM Embedded™, RDM™, Raima™, db.vista™, and Velocis™ are trademarks of Birdstep Technology Inc.
