MEDecision believes that, in the aggregate, its health carepayer customers insure or manage care for approximately one in every six peoplein the U.S with health insurance For more information, please visit MEDecision is a trademark of MEDecision, Inc. The MEDecision logo and productnames are also trademarks or registered trademarks of MEDecision, Inc. Otherproduct and brand names are trademarks of their respective owners MEDecisionShannon Renegar, 610-540-0202 ext. orTECHMarket CommunicationsLaura Paden, Copyright Business Wire 2009. COLUMBUS, Ga.--(Business Wire)--TSYS (NYSE: TSS) announced today that Philip W.
Tomlinson, chairman and chiefexecutive officer, and other TSYS executives will discuss the company`soperations and business strategy at the upcoming TSYS Analyst Day on May 21,2009. The presentation will be held at the Mandarin Oriental New York inManhattan, from 8:00 a.m until 12:15 p.m EDT. A live Webcast of the presentation will be available at To accessthe Webcast, please click on the "2009 Analyst Presentation" link on the homepage. The Webcast will be archived on for 12 months. About TSYSTSYS (NYSE: TSS) is one of the world`s largest companies for outsourced paymentservices, offering a broad range of issuer- and acquirer-processing technologiesthat support consumer-finance, credit, debit, debt management, healthcare,loyalty and prepaid services for financial institutions and retail companies inthe Americas, EMEA and Asia-Pacific regions. For more information or log on to.
TSYS routinely posts all importantinformation on its website. TSYS Media RelationsCyle Mims, +orTSYS Investor RelationsShawn Roberts, +Copyright Business Wire 2009. Better Data Governance, Transparency Needed to Drive Risk-Based PerformanceManagement InitiativesLONDON--(Business Wire)--According to a global survey of 334 financial services executives, only a thirdthink the principles of risk management in financial services remain sound andare confident that policy-makers can formulate an effective response to thecurrent economic crisis. The results of the survey in March 2009 by theEconomist Intelligence Unit on behalf of SAS, the leader in business analyticssoftware and services, focused on enterprise risk management strategies. Risk management reform within institutions will be far-reaching andcomprehensive according to the survey. More than half of survey respondents saythat they have conducted, or plan to conduct, a thorough overhaul of their riskmanagement, including improvements to data quality and availability,strengthening risk governance, moving towards a firm-wide approach to risk, anddeeper integration of risk within lines of business. Although the crisis has eroded confidence in risk, the survey`s findingsunderscore the need for financial institutions to weave performance managementclosely with risk governance.
All departments, not just lending need a clearerpicture of risk adjusted performance and the behaviors that influence it. Frommarketing to sales, each needs to ensure their strategy positively impactsresults and that their actions are not unknowingly contributing to, or hidingrisk concentrations. Tower Group Senior Research Director Virginia Garcia echoes this sentiment."Although technology is not to blame for the widespread financial crisis, rigidtechnology and business processes have undoubtedly made it difficult for manyFSIs [financial services institutions] to respond rapidly and effectively to thefinancial crisis. This situation reinforces the business case for a more agileand intelligent enterprise architecture to mitigate risk by helping FSIs adjustto volatile business dynamics."1Even though less than one-third of respondents felt regulators handled thefinancial crisis properly, respondents agreed that transparency needs to beheavily emphasized within proposed reforms. They pointed to greater disclosureof off-balance-sheet vehicles, stronger regulation of credit rating agencies,and the central clearing for over-the-counter derivatives as initiatives thoughtto be most beneficial to the financial services industry. Survey respondents identified poor data quality, lack of expertise and a lack ofrisk culture among the broader business as barriers to improving risk managementin their organization.
As noted in past surveys as well, data governancecontinues to be a fundamental issue for risk management initiatives. Only 40% ofrespondents say that the importance of risk management is widely understoodthroughout their company, suggesting that more needs to be done to embed astrong culture of risk management in financial institutions. "Now more than ever, this survey confirms the need for the players in financialmarkets to make transparency a major part of a comprehensive overhaul of riskand performance management to make better business decisions," said AllanRussell, Head of SAS Global Risk Practice. "The key will be investment in a riskinfrastructure that supports a holistic view of risk within organizations,embedded within day-to-day operations and overall business strategy." The survey findings were unveiled today at The Premier Business LeadershipSeries event in London. Presented by SAS, The Series brings together hundreds ofpublic and private sector attendees to share ideas and knowledge on criticalbusiness management issues. SAS® for Enterprise Risk ManagementEnterprise risk management entails more than balancing risk and reward, and goesbeyond regulatory compliance. It embeds risk management into everyday processesat all levels of the organization in order to truly drive business evolution.