As winners of Risk Magazine's Software Product of the Year 2003, Almonde has earned widespread acclaim within the risk community for the sophistication of the analytics, multi dimensional analysis and flexible and robust architectures within products such as Almonde Basel II and Almonde ALM.
Misys Risk Management Systems is part of the Banking and Securities Division of billion-pound software company, Misys plc. The division is trusted by over 1,200 financial institutions in 2,000 sites across more than 120 countries to facilitate their daily business processes.
"The alliance will provide our clients with a highly sophisticated product set and a proven global support presence," explains Shawn McMorran, Chief Executive Officer of Almonde. "Over the next 18 months, we will witness huge changes in the risk management market and this alliance will provide a sound platform to enable financial institutions to focus on regulatory compliance and beyond, to effectively optimise their economic capital concerns."
Risk Vision, Misys Risk Management Systems' advanced platform for enterprise wide risk management is a fully integrated component based solution, relied upon by the world's leading financial institutions. The two companies' products can be integrated to provide a comprehensive framework for regulatory compliance and provide the foundation for effective risk management and the optimised use of capital.
Michel van Leeuwen, Chief Executive Officer, Misys Risk Management Systems comments, "We assessed a number of potential partners to broaden our product scope and we have found that the Almonde solutions are unparalleled in their level of functionality and sophistication. This alliance will provide our clients with a real competitive edge and it will further establish Misys Risk Management Systems as a leading solutions provider in this space."