Basel II Compliance Product from Almonde
Risk management software provider Almonde has launched its “Basel II in a box” product. The product is designed to interface with banks’ and third parties’ systems easily while providing full Basel II compliance. Almonde has launched the product because it says that most banks struggle to put together all the components required to deliver on the Basel Accord’s requirements, namely: data extraction and mapping, PD/LGD mining and modelling, capital and RWA calculations, scenarios and reporting, feedback into bank’s systems.
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