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22nd February 2005

You Can Bank on Datawatch in Hungary

Datawatch-Europe, publishers of Monarch held their first ever banking conference in Budapest, Hungary on the 15th February 2005. Alongside the fantastic support of the British Chamber of Commerce the conference was an excellent success and proved to be both informative and well attended. The event received representation from some of the largest banks and financial organisations in Hungary, including Bank of China Hungária Rt, Hungarian Financial Supervisory Authority, Magyar Külkereskedelmi Bank and KDB Bank.

Datawatch had been encouraged to organise an event in Hungary after joining a London Chamber of Commerce Trade Mission to Budapest. Rob Graham, Product Manager for Datawatch commented on the quality of support provided by the Trade department of the British Chamber of Commerce. Furthermore he described Hungary as a suitable target market for Monarch software, given its skills in assisting with compliance imperatives such as the Basel ll Accord – which is a current issue there.

The conference commenced with introductory remarks from Andrew Jackson, Chairman of the British Chamber of Commerce Hungary.

Rob Graham then initiated the focus on compliance and the use of Monarch software in offering a ‘Business as Usual’ response. He also highlighted the many benefits of taking a positive approach to Basel ll.

To read Rob Graham’s full presentation please click on the link below:

Mr. Franz Otto, Managing Director of Takarekbank Rt spoke on the state of the banking sector in Hungary and set out his views on regional developments over the next ten years. In brief the 3 key drivers for the future would be the introduction of the Euro, a new sales culture and the industrialisation of the banking sector. The key messages to the banks of the future include:

• Banks would have to differentiate themselves from their competitors
• They would have to initiate a sales technique rather than uniquely serving and consulting.
• They should not just being focused on technology but on the concepts around the use of it

To read Franz Otto’s full presentation please click on the link below:

Secondly Ms Julia Kiraly, Chief Executive Officer of ITCB Consulting and Training Ltd spoke on the subject of the financial stability of banks and the Basel II Accord. Ms Kiraly comments incorporated the slowing growth of the financial market and the introduction of new risk factors.

To read Ms Julia Kiraly’s full presentation please click here on the link below:

The final part of the seminar was assisted by Steve Caiels, Product Trainer for Datawatch, who demonstrated the key benefits of using Monarch and how the product is rightly seen as the industry benchmark for data and report mining and a leading player in the business process management sector.

This event proved to Datawatch that the issue of Basel II is of great interest to the Hungarian finance market and that the attendance demonstrated this. Rob Graham commented “I was very impressed with the caliber of delegate and the quality of organizations supporting the event. I was pleased with the manner in which those attending grasped the concept of adding value to their existing systems rather than starting afresh when responding to the new compliance environment.”

Photos of the event can be downloaded from

About Datawatch Europe
Datawatch Europe is a leading provider of the Monarch range of report and data mining business intelligence software that helps organisations increase productivity, reduce costs and gain competitive advantage. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide, by around 500,000 users.
Datawatch works with VARs, integrators, consultants and independent software vendors who sell and support Datawatch products. In addition, Datawatch works with OEM customers who embed Datawatch components and technologies in their own solutions.
Further information can be found at


Natalie Dowse
Tel: 01962 835000
Mobile: 07870 279233

Datawatch Europe Ltd
Rob Graham
European and Middle East Product Manager
Tel: 01962 835014

This press release was distributed by ResponseSource Press Release Wire on behalf of Alison Hall PR in the following categories: Business & Finance, Computing & Telecoms, for more information visit