Software product of the year – Almonde 4

- Risk magazine
- 01 Jan 2003

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While Basel II is pointing the way to a more consistent and integrated approach to risk, many financial institutions struggle to co-ordinate analysis and consolidate results across even a single department such as trading or asset and liability management (ALM), says Shawn Convery, founder and chairman of new London-based software supplier Almonde. “Most institutions really have no idea where profits are coming from because they have trouble adjusting margins for costs and risks,” he says.

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