Argenta selects riskpro for risk management

Argenta, a top 5 Belgian retail bank, has selected riskpro as a core tool for its risk management.

The project focuses on ALM, VaR and FTP. riskpro will replace the Bank's existing ALM tool which had a more limited scope. This is the third riskpro customer in Belgium.

Triggered by the growth of the Bank and by the demands of pillar II of the Basel II new capital accord, the Bank started a software evaluation project in Spring 2006. Implementation will start in January 2007, and will be executed in phases to produce first productive results with a minimum through time.

The Evaluation Team, led by Lode Vingerhoets, decided in Fall 2006 for riskpro for the following reasons: " riskpro offers broad and deep functionality in the area of Asset Liability Management. It provides the option to expand usage into other areas such as credit risk and regulatory reporting. The riskpro framework will support us in the calculation of economic capital."

Kris Luyten, Senior Consultant at IRIS AG, commented: " riskpro is the perfect tool for a growing and ambitious bank. It provides a low cost of entry because of its modular structure. At the same time it offers high scalability, both in terms of volume and functionality."