Canada's BMO Financial Group is implementing technology from i-flex subsidiary Reveleus to aid compliance with Basel II capital regulations.
BMO is rolling out Reveleus' Basel II package across its operations in Canada to provide a multi-jurisdictional solution for Basel reporting purposes.
Reveleus says the product will provide BMO with a complete set of rules, computation engines, business definitions and underlying data structures to help the bank meet the risk management requirements of the Basel II Accord.
Wendy Lockyer, SVP, Basel and InSight initiatives, BMO, says: "We chose Reveleus because of the pre-built nature of the solution, the fit with BMO's technology platform and Reveleus' commitment to the evolution of the product to meet BMO's ongoing needs."