KFH-Bahrain gets risk management

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By  Published  October 20, 2006

Kuwait Finance House-Bahrain (KFH-Bahrain) is implementing a new risk management technology platform as part of the bank’s ongoing efforts to further strength its capabilities in this area.

KFH-Bahrain has appointed financial software firm SunGard to implement the risk management software solution, which is expected to be completed in one year.

The agreement covers software licensing and implementation.

The acquired systems under this software agreement will include Banc-ware data integration, Bancware ALM, and Ban- cware capital manager.

Waleed Rashdan, executive manager at KFH-Bahrain, said: “With unprecedented industry growth and the ongoing rapid development of KFH-Bahrain, the utilisation of international best practices and the highest standards are critical to the ongoing success of the bank and its operations.”

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