Belgian financial group KBC is implementing technology from Toronto-based vendor Algorithmics to manage its portfolio credit risk operations.
Algorithmics says the Algo Capital platform will provide KBC with portfolio models to calculate, allocate and attribute economic capital across all banking and trading areas.
The bank says the new platform will be used in conjunction with its existing Algorithmic infrastructure currently supporting market and credit risk operations.
Bart Cornu, credit portfolio manager, KBC comments: "KBC chose Algorithmics' capital management solution primarily for its extensive collection of features and its open architecture, which was easily integrated with other the Algorithmics components already in use at KBC."