The implementation includes hosted implementation services, Market Risk, Stress testing and advanced toolkits for benchmarking and analysis of local market conditions.

Alchemy Risk Manager is a Basel II compliant enterprise risk management solution which offers additional features such as central bank compliance reporting, 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 kits.

About KASB Group
MyBank The KASB Group, established by Khadim Ali Shah Bukhari in 1958, has a long-standing tradition of excellence in financial services in Pakistan, known primarily for investment banking, research/trading and asset management. In 1993, KASB became the local partner for the international investment banking firm, Merrill Lynch. Recently, Merrill Lynch acquired an equity stake in KASB Funds.

The Group is made up of KASB Securities, KASB Funds, KASB Capital, KASB Direct and KASB Bank, added in 2002, to complete its financial services portfolio. The group has also diversified its interest with investments in real estate, technology, and oil and gas, while solidifying its leadership in financial services.

About Alchemy
Alchemy Technologies is a leading provider of Basel II compliant Risk management and central bank compliance solutions for financial market participants. With customers and partners in Pakistan, Middle East and Asia Pacific, growing at more than 100% a year, year on year over the last 5 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. Headquartered in Karachi, Alchemy is expanding into Lahore, Bangkok and Singapore to better serve its customers.