[BRitterbeck]

There's plenty to be done in the bank risk management space. I was part of a group a few years ago that tried to approach this space; however, family issues forced me to leave software and go back to banking.

There's a piece of software, produced by a company called QRM, used within the treasury group of a lot of large banks. This piece of software is both slow (one run at a decent-sized bank can take several hours even spread over hundreds of CPUs) and incredibly user unfriendly (you cannot do any analysis within the software itself; everything must be dumped to Excel first).

Everyone I have talked with in the industry says this software must be replaced; however, it will take quite a long runway to get things up and going.

While I doubt that this piece of software could be implemented as SaaS for bigger banks, I definitely think if you pitched a solution to smaller banks and built up a group able to conduct the type of analysis you would do with this software, you would have a winner. Also, if your CMU guy is looking to come back to Pittsburgh, I might be able to get one or two other people together for an in-person conversation.

If you are interested in learning more, please provide an email address, and I will reach out to you.