Resources for Basel II Capital Accord (Basel II)

Addax Bank plans to add new software to meet Basel II guidelines

www.gulf-daily-news.com

Bahrain-based Addax Bank has appointed Almoayed Group for the deployment of operational risk management solution at its head office in Bahrain.

The solution is designed and developed by Rocsys, a software company from Hyderabad, India.

Under the agreement. Bahrain-based information technology and telecommunications Almoayed Group will facilitate the implementation of operational risk product RiMo, which was developed by Rocsys as a comprehensive offering to address operational risk management needs of banks in compliance with BASEL II guidelines.

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