NEWS

BANCO SOLIDARIO acquires Credit Risk IRBa (June 2004)

BANCO SOLIDARIO acquired and is implementing the credit risk specialized module FINANWARE™ Credit Risk IRBa, in order to comply with regulations 601 and 602 of the Banking and Insurance Superintendency issued in December 2003 for risk control in the Ecuadorian financial system. With this module, Banco Solidario --a customer since 2001-- has completed the FINANWARE™ product suite.

   
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FINANWARE™ Products
· Asset and Liability Management
· VaR
·
Credit Risk IRBa
· Credit Scoring
· Profitability
· Analytical CRM
· Money Laundering Prevention & Control
· Financial Analysis & Benchmark
· Operative Risk

FINANWARE™ Tools
· KPI Control Panels
·
Portfolio
·
Data Integrator System (DIS)
· Statistical