Origin Selected by leading Norwegian Investment Bank to Generate High-quality, Complex Financial Reports
Norway’s SpareBank 1 Markets selects Origin graphing and data analysis software to create complex analytical reports from disparate organizational data and financial models
Northampton, Mass.–February 13, 2013 – OriginLab, a leading publisher of data analysis and graphing software, today announced that Norway’s SpareBank 1 Markets has implemented the company’s Origin software to generate high-quality custom financial reports. With Origin, SpareBank 1 Markets now has a framework for creating complex analytical reports that enable access to data and financial models across the organization. SpareBank 1 Markets is a leading Norwegian investment bank in the SpareBank 1 alliance with business areas including research, equity sales, debt capital, alternative investments and corporate finance.
Origin enables SpareBank 1 Markets to automatically produce publication-quality reports by interfacing seamlessly with the financial institution’s existing software packages, including its data warehouse and MATLAB code. Financial analysts within SpareBank 1 Markets designed basic communication interfaces between Origin and MATLAB via Origin’s COM-server functionality and built in programming languages, enabling the team to query data from the database, which is analyzed in MATLAB and exported to Origin. In Origin, SpareBank 1 Markets users can easily drag and drop graphs, tables and text to create reports, which can be further customized using borders and colors that mirror the company’s letterhead on all reports.
Ariel Fischer, quantitative analyst at SpareBank 1 Markets, says, “Origin’s ability to seamlessly integrate with our existing data storage and analysis tools was a key differentiator among other graphing and analysis software providers. We have seen a tremendous impact on our ability to create high-quality reports through the solution’s worksheet queries, animation creation, built-in statistical functions and import interface. Origin has proven to be all-in-all the smoothest way to manage large amounts of disparate data from multiple programs and locations throughout our organization.”
SpareBank 1 Markets uses the Origin solution to create a credit rating report of 150 Nordic banks. The report is designed to include a summary of financial reports of each bank, as well as present and explain the derived credit rating from the underlying credit model. In addition, analysis of aggregated statistics is presented as a function of time. Once new financial data is registered in their data warehouse, an updated credit rating report can be created by the click of a button. SpareBank 1 Markets plans to expand its use of Origin to include three additional projects currently under development.
“We are pleased that SpareBank 1 has been able to successfully leverage Origin’s robust functionality to help streamline and improve its analysis production,” said Dr. C.P. Yang, OriginLab’s founder and CEO. “Origin’s proven graphing and data analysis capabilities are designed to help organizations across multiple industries take their graphing and reporting to the next level.”
About SpareBank 1 Markets
SpareBank 1 Markets is a leading Norwegian investment bank in the SpareBank 1 alliance. The company has its headquarters in Oslo, a branch in London and a subsidiary in New York. The business areas include research, equity sales, debt capital, alternative investments and corporate finance. SpareBank 1 Markets is, through the co-operation in the SpareBank 1-alliance, a part of Norway’s largest provider of financial services, and an adequate alternative to traditional financial groups. The co-operation in the alliance comprises approximately 350 bank branches and offices with total assets of about NOK 670 billion. For more information, visit www.sb1markets.no/site/default.aspx.
Founded in 1992, OriginLab develops data analysis and graphing software for users in corporations, government agencies, colleges and universities worldwide. Its flagship products, Origin and OriginPro, provide a comprehensive solution for scientists and engineers at any technical level to analyze, graph, and professionally present data. OriginLab is headquartered in Northampton, Massachusetts, USA. For more information, visit www.originlab.com, or join the conversation on Facebook, Twitter, or LinkedIn.
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