Invest-Bank, Poland, selects Almonde as Basel II, IAS, ALM and FTP platform.

London March 30, 2005 ­ Almonde, a leader in compliance and risk management solutions, expands 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.² said Shawn McMorran, Almonde CEO. Thanks to our partnership with Deloitte as well as Almonde¹s 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...) and a unique impairment modelling module. More functionality will then be implemented with the same level of delivery efficiency.² added McMorran.

Fast and smooth implementation is one of the key differentiating factors of the Almonde suite. Thanks to its robust and smart built-in capabilities, Almonde allows customers to be up and running quickly in a secure manner.

Almonde¹s modular and open approach ensures that customers can leverage their initial investment to build a complete state-of-the-art risk management platform delivering business value in the long run.

Fully trained on the Almonde suite, Deloitte Poland will provide business consulting, integration and support services.

Since 1995, Almonde¹s industry experts have been building risk management software to help banks improve their overall performance in a compliant and cost-effective manner. With professionals in London, Paris and India, Almonde offers an award-winning risk management platform composed of four major modules: Basel II, Asset Liability Management (ALM), IAS 39 and Funds Transfer Pricing (FTP), leveraging a common scenario analysis engine and data model. These solutions are available either on a stand-alone basis or on an integrated global solution basis.

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