ALMIS® has held a number of successful web meetings with prospective banking institutions overseas, and within the UK.

Using sophisticated technology, ALMIS® can host an online meeting with up to 15 people at any one time and attendees can join meetings in seconds. Using web conferencing tools, ALMIS® can hold software demonstrations, and take banking institutions through the software, in real time from anywhere in the UK.

This now means that banking institutions can be taken through ALMIS® ALM and risk management software, without leaving their seats!

We hope you’ve had an enjoyable Christmas and we would like to wish you a prosperous 2011.

In previous newsletters, we’ve outlined ALMIS® International’s software developments, our approach to new regulations and changes within the business.

In the January newsletter we’ve outlined changes within the company, upcoming events and software developments.

To view our company newsletter, please click here

ALMIS® International constantly looks at ways to help clients save costs and ease the implementation process. ALMIS® has now adopted a modular approach when implementing future ALMIS® systems, to make it easier for users to operate the system to its full potential. This means that modules can be taken as a stand alone module, all together, or a selection. Modules can also be added as the financial institution grows and develops, giving flexibility to suit organisational needs.

The system has been divided into six modules which are:

• Market Risk
• Liquidity Stress
• Financial Planning
• Hedge Accounting
• Capital Adequacy
• FSA Reporting

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For more information about any of these modules, please click here

Significant cost savings were achieved through a consortium implementation with three financial institutions. Kingdom Bank, Loughborough and Dudley Building Society are all taking on ALMIS® and are sharing implementation and training. By being able to help each other develop and use the system, faster implementation is also expected.