19 February 2018
Visit www.avoka.com

Bank of Moscow signs for IPS-Sendero risk management package

22 January 2008  |  3585 views  |  0 Risk on chalkboard

Fiserv subsidiary IPS-Sendero says Bank of Moscow has licensed its risk management offering, IPS-Sendero KRM, which is based on technology developed by Honolulu-based Kamakura Corporation.

The IPS-Sendero KRM package is used to manage credit risk, market risk, interest rate risk and for Basel II capital calculations.

The technology will enable Bank of Moscow - which has 98,000 corporate and eight million individual customers - to manage assets more efficiently and profitably, says the vendor.

"IPS-Sendero KRM complies with international standards, including the Basel II Accord, and it will allow the bank to optimise its risk management, including interest-rate, currency and liquidity risk," says Igor Burlakov, director of the Bank of Moscow's resources and liquidity risks department.

Chuck Rowland, VP and MD of IPS-Sendero international operations, says recent market events have shown that banks require tools that provide a quick, efficient and accurate picture of the risks they face.

"IPS-Sendero KRM creates that picture, allowing banks to make profitable business decisions without relying on a 'fly by the seat of your pants' style of risk management," he adds.

IPS-Sendero inked a reseller deal with Kamakura Corporation in 2001 to market the Kamakura Risk Manager system outside the US and Canada.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bank of Moscow rolls out Visa smart card scheme

Bank of Moscow rolls out Visa smart card scheme

23 April 2002  |  5219 views  |  0 comments
IPS-Sendero to market Kamakura risk package internationally

IPS-Sendero to market Kamakura risk package internationally

14 August 2001  |  4658 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comvisit www.ebaday.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11284 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
8845 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8738 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8710 views comments | 15 tweets | 43 linkedin

Featured job

Find your next job