Kalypto Risk Technologies to implement Kalypto/Ops at Centurion Bank of Punjab - India

Mumbai, India - 11 January 2007

Centurion Bank of Punjab Ltd., a leading Indian private Bank, has opted to implement Kalypto/Ops, an advanced Operational risk management solution developed by Kalypto Risk Technologies, Mumbai. The solution provides comprehensive coverage for Operational Risk Management; including contemporary tools like KRI & SAQ based assessment and Scorecard-based modeling while providing full support for Loss Event Management. The software is Basel II compliant and provides coverage for all the approaches including AMA as prescribed under the accord.

Centurion Bank of Punjab is among the first few banks in India to adopt an advanced solution for Operational Risk.

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