Tool Provides Access to Bank Data & Key Performance Indicators
CHICAGO--(Business Wire)--
Huron Consulting Group (NASDAQ: HURN), a leading provider of business consulting
services, today announced the launch of Huron`s Bank Monitor, a powerful
web-based application that provides users with access to key data on banks.
"Recently the banking industry marked the unfortunate milestone of the 100th
bank failure of 2009," said James H. Roth, chief executive officer, Huron
Consulting Group. "We are launching Huron`s Bank Monitor to help users gain a
better understanding of why certain banks have failed, the current state of the
financial institution marketplace, and the extent of challenges that banks face
as the economy struggles to rebound."
Huron`s Bank Monitor will provide data gathered from public sources and
synthesize it. Users will be able to evaluate a bank`s performance based on more
than 20 financial indicators summarizing exposure/asset quality, liquidity,
growth trends, profitability, reserves and capital. Other key ratios will be
added in response to market feedback. This tool will also allow users to compare
institutions of similar size and geographical location. Banking data, obtained
from quarterly reports filed with government regulators, will be updated
quarterly as available to provide users with the most up-to-date information.
Learn more at www.huronbankmonitor.com.
"Huron`s Bank Monitor is taking public data and presenting it in a user-friendly
analytical layout, making the information more accessible and meaningful," said
David K. Moffat, managing director, Huron Consulting Group. "This type of data
will allow users to monitor developments within the banking sector and more
fully appreciate the overall soundness of our financial institutions as well as
illustrate actions taken to address present and emerging challenges."
Huron`s Bank Monitor is based on technology developed by Altosoft Corporation
(www.altosoft.com), a leading provider of process-aware business intelligence
solutions.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve performance,
comply with complex regulations, resolve disputes, recover from distress,
leverage technology, and stimulate growth. The Company teams with its clients to
deliver sustainable and measurable results. Huron provides services to a wide
variety of both financially sound and distressed organizations, including
leading academic institutions, healthcare organizations, Fortune 500 companies,
medium-sized businesses, and the law firms that represent these various
organizations. Learn more at www.huronconsultinggroup.com.
Huron Consulting Group
Jennifer Frost Hennagir, 312-880-3260
jfrost-hennagir@huronconsultinggroup.com
Copyright Business Wire 2009
