Misys Banking Systems has acquired regulatory risk management software firm Almonde for €15m. The acquisition will bring together Almonde’s asset and liability management (ALM) and regulatory compliance solutions (Basel II, IAS and FTP) with Misys Banking Systems’ existing risk solutions for limits management, market, operational and credit risk, collateral management, securitization and economic capital as well as its core banking, trading and back-office platforms used by over 1400 clients worldwide. Misys and Almonde have been working together closely for the past year and had already formed a strategic partnership to provide financial institutions with comprehensive Basel II and ALM solutions. The acquisition was the next logical step in building on the close partnership, according to Michel van Leeuwen, CEO, Risk Management, Misys Banking Systems.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more