Almonde has expanded its client base in Poland by concluding an agreement with Invest-Bank in partnership with Deloitte. “The objective was to have Invest-Bank up and running quickly to meet regulatory requirements while ensuring long-term potential to implement Basel II, IAS, ALM and FTP on a single platform,” said Shawn McMorran, Almonde CEO. “Thanks to our partnership with Deloitte as well as Almonde’s product design and project methodology, Phase I will be delivered in a record time of two months. It includes core IAS functionalities (amortized cost, effective yield computation, etc) and a unique impairment-modelling module. More functionality will then be implemented with the same level of delivery efficiency,” added McMorran. Fully trained on the Almonde suite, Deloitte Poland will provide business consulting, integration and support services.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.