Source: Fernbach Financial Software
Fernbach Financial Software S.A. is pleased to announce that they have been selected by Dubai Bank (a subsidiary of the Emirates NBD Group) to provide the FlexFinance platform.
Dubai Bank uses FERNBACH's Basel II Risk Management Solution for market risk and credit risk calculations, stress testing and limit reporting. All parameters for the IRB-A approach (PD, LGD, EAD) are calculated in FlexFinance. Automated capital adequacy reporting to UAE central bank is also covered by the solution.
After a smooth and efficient implementation the application is live. The project was based on a good relationship of partnership and cooperation.