Spin-Offs

While most banks and software companies were busy gobbling each other up, other banks were shedding their risk services. Bankers Trust was the first to spin-off its Raroc (risk-adjusted return on capital) risk management methodology group as an independent software house.

The subsidiary was initially dubbed Financial Software Solutions Incorporated (FSSI) and sold three products--the bank's XRM global risk management software, its Remos treasury deal capture system and the LS2 loan syndication

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