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Almonde upgrades regulatory and risk management software

29 October 2004  |  1262 views  |  0 Source: Almonde

Almonde Ltd. an international provider of enterprise risk management solutions, today announced the release of Almonde 4.3.

Almonde 4.3 offers banks an incremental approach for bringing new regulatory and economic valuation needs together under a single roof.

Almonde 4.3 provides:
  • More detailed auditability using computation trace reports
  • Improved user access control to user profile management
  • Faster computation speeds through scalable distributed computing
  • Increased adaptability to the data model

    "By its robustness and transparency, Almonde 4.3 will enhance the quality of compliance reporting and auditability whilst facilitating all levels of the decision-making process," says Steven Hargreaves, Almonde Product Director.

    In parallel, all Almonde solutions (Basel II, ALM, IAS, FTP) have been enhanced with new capabilities for more completely easing regulatory compliance and risk management.

    Shawn McMorran, Chief Executive Officer of Almonde, said, "We are constantly in the process of upgrading Almonde solutions on a modular and sophisticated technology in order to guarantee our customers high performances, to provide customized and advanced functionality and to benefit from lower implementation costs."

    Almonde 4.3 evolution leverages the experience gained from world-wide implementations of Almonde risk management solutions and by working closely with several international partners.

    "Having worked on several projects with banks in Italy, we selected Almonde as the right solution. Almonde offers a high level of functionality and complete features for achieving compliance with the new regulatory adequacy," said Marco Corbellini, Head of the Risk Management Practice, Euros Financial Competence.
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