Kalypto Risk Technologies to implement Kalypto/Credit at Seylan Bank - Srilanka

Mumbai, India - 4 September 2006

Seylan Bank Ltd., a leading Sri Lankan private Bank, has opted to implement Kalypto/Credit, an advanced credit risk management solution developed by Kalypto Risk Technologies, Mumbai. The solution provides comprehensive coverage for Credit Risk Management, including Credit Rating/Scoring for corporate and retail portfolios, credit appraisal, risk measurement & mitigation and analytics including capital charge computation. The software is Basel II compliant and provides coverage for all the approaches i.e. Standardised, F-IRB & A-IRB prescribed under the accord.

Seylan Bank is among the first bank in Sri Lanka to adopt an advanced solution for Credit Risk. The bank has always been an early adopter of emerging technologies.

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