Date:26/04/2005 URL: http://www.thehindubusinessline.com/2005/04/26/stories/2005042601910402.htm

Back i-flex tool for BMO Group

Our Bureau

BANGALORE: i-flex Solutions said on Monday that BMO Financial Group that operates in the North American region has selected its Reveleus Basel II Solution. T

The solution will provide BMO with a complete set of rules, computation engines, business definitions and underlying data structures to help the bank accelerate compliance with the risk management requirements of the Basel II Accord, said a i-flex press release.

BMO is planning an accelerated implementation of the i-flex's Reveleus Basel II Solution at its Canadian offices, which will commence in the second quarter of 2005. BMO will implement Reveleus to satisfy its multi-jurisdictional Basel requirements in Canada, as well as internationally, the release said.