Misys Risk Management Systems is partnering French software vendor Almonde to develop and deliver Basel II and asset liability management (ALM) systems and services.
The new package will be based on Misys' risk management platform, Risk Vision and Almonde's Basel II and ALM products.
Misys says the two companies' products can be integrated to provide a comprehensive framework for regulatory compliance.
Shawn McMorran, CEO, Almonde, comments: "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."