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MYBANK SIGNS UP ALCHEMY RISK MANAGER
AS MIDDLE OFFICE SOLUTION
August 2007
Karachi, Pakistan – Alchemy Associates / Alchemy Technologies
today announced that MyBank Limited has signed up the company’s
flagship product Alchemy Risk Manager to strengthen its middle
office function by deploying a comprehensive, Basel II compliant
solution covering aspects of market, credit and operational
risk capital calculations in addition to the reporting requirements
specified by the central bank.
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 MyBank
MyBank Limited was incorporated in 1992 as a Commercial bank.
It operates with 50 branches network all over Pakistan. The
Paid up Capital of the Bank is PKR 3.085 billion, Equity PKR
5.234 billion, and Total Assets PKR 33.205 billion. The bank
is listed on Karachi & Lahore Stock Exchanges in Pakistan
and governed by the State Bank of Pakistan and the Securities
& Exchange Commission of Pakistan.
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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