BlackIce Enterprise Risk Management Begins User Acceptance Testing Phase of Basel Solution Project

BlackIce Enterprise Risk Management (TSXV:BIS) is beginning the User Acceptance Testing phase of the Vietnam International Commercial Joint-Stock Bank’s (VIB) Basel Solution project.
According to the press release:

BlackIce’s RWA Calculator is the first fully SBV (State Bank of Vietnam) compliant calculator implemented at any bank in Vietnam. The final implementation will be completed under the supervision of the SBV, which will further validate BlackIce’s ERA solution and enhance BlackIce’s ability to close several other orders in Vietnam.
Judy Kalyan, BlackIce CEO said, “This newest version of the BlackIce RWA calculator will be one of the first implementations of the new Basel revised Standardized Calculations anywhere in the world and will set the benchmark for excellence in Basel Implementations in the Vietnam market.”
In addition to all of the required Regulatory reporting, the VIB implementation of ERA supports extensive Risk Management reporting.
BlackIce is well positioned in the market as all Vietnam banks will look to secure and develop an automated Basel/RWA calculation process in 2016. Judy Kalyan said, “The majority of banks in Vietnam have yet to procure Basel compliance solutions to meet emerging SBV Basel compliance, and there is a significant opportunity for the VIB project to be the first of many ERA clients throughout the next year.” The BlackIce / HPT / IBM partnership has been very successful and BlackIce looks forward to working with these and other strategic partners as we move forward in the Vietnam market.”

Click here to read the full press release.