TAIB selects i-flexs solutions

TAIB selects i-flex's solutions

The Bahrain-based bank to implement Reveleus Basel II and Reveleus Asset Liability Management solutions

Friday, May 09, 2008

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MUMBAI, INDIA: i-flex solutions announced today that TAIB Bank has selected the Reveleus Basel II Solution and the Reveleus Asset Liability Management (ALM) Solution.

The implementation will begin at TAIB Bank's headquarters at Bahrain. TAIB will use the Reveleus Basel II solution to compute regulatory capital and the ALM solution to manage liquidity and interest rate risks.

"In today's ever evolving technology-driven world, it is of paramount importance that the financial institutions follow a strict regime of compliance with regulatory requirements, and Reveleus would help us in achieving it," said Mohammad Saleh, president and COO, TAIB Bank.

©CyberMedia News

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