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KASB COMMERCIAL BANK SIGNS ALCHEMY RISK
MANAGER
June 2007
Karachi, Pakistan – Alchemy Associates / Alchemy Technologies
signs up with KASB Bank for the implementation of Alchemy Risk
Manager for State Bank and Basel II compliance. KASB engaged
Alchemy for a review of the middle office in November 2006 and
have now selected the Alchemy Risk Manager solution to strengthen
its middle office function.
The KASB implementation includes ALM, Market Risk, Stress testing
and Basel II capital calculator for market, credit and operational
risk.
Alchemy Risk Manager is a Basel II compliant enterprise risk
solution which offers additional features such as treasury
and risk adjusted return calculator, derivative pricing engine,
derivative risk management, interest rate simulation model,
value at risk estimators, portfolio benchmarking and back
testing tool kit.
About KASB
KASB Bank, with its presence in 13 cities, through its network
of 35 branches, delivers a comprehensive range of banking
services in consumer banking, corporate banking, treasury
and trade finance.
About Alchemy
Alchemy is a boutique risk management firm with customers
in Pakistan, Middle East and Thailand that has been growing
at more than 100% a year, year on year for the last four years.
The company’s flagship product, the “Alchemy Risk
Manager” has won multiple industry awards and has been
successfully implemented at multiple client sites including
banks and insurance companies.
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