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.
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