Saudi Investment Bank Selects Almonde Platform

Almonde announced that The Saudi Investment Bank (SAIB) had selected the Almonde platform for compliance and risk management solution. “Our challenge was to integrate a Basel II IRB-advanced system in SAIB’s current environment while implementing a comprehensive risk management solution across the bank” said Shawn McMorran, Almonde ceo. The Saudi Investment Bank (SAIB) is a full service wholesale commercial bank specializing in financing the requirements of sophisticated private sector companies. SAIB provides a full range of personalized and professional banking services to financial institutions, corporations and individuals.


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