FERNBACH Financial Software S.A. is pleased to announce that they have been selected by Dubai Bank (a subsidiary of the Emirates NBD Group) to provide the FlexFinance® platform.
Dubai Bank uses FERNBACH’s Basel II Risk Management Solution for market risk and credit risk calculations, stress testing and limit reporting. All parameters for the IRB-A approach (PD, LGD, EAD) are calculated in FlexFinance®. Automated capital adequacy reporting to UAE central bank is also covered by the solution.
After a smooth and efficient implementation the application is live. The project was based on a good relationship of partnership and cooperation.