Basel II-Compliant Credit Risk Solution From Temenos, TLC

Temenos and TLC Consulting have formed a strategic alliance to offer their customers a selection of credit risk banking solutions which are compliant with the Basel II accord. Tenemos said that the alliance responds to the industry’s need for a core banking system solution with integrated credit risk. TLC will be one of a selected number of companies with an interface into the Temenos T24 product and will have the ability to extract transactional and historical data direct from it. The data will be imported into TLC’s Barracuda software which will calculate current exposure, applying transaction, facility and counterparty level mitigation and calculating Risk Weighted Assets (RWA) for the Standardised, Foundation or Advanced approaches to Basel II.

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