Reveleus will provide Wachovia with a system to compute regulatory capital as per the Advanced Internal Ratings Based Approach of the Basel II Accord.
Wachovia is one of the Tier 1 banks mandated by the US banking regulators to comply with the Basel II capital adequacy directives.
Commenting on the customer win, S. Ramakrishnan, CEO of Reveleus said, we are committed to delivering on our strategic partnership with Wachovia to ensure that the Bank can accurately measure and manage its capital requirements.
Reveleus’ Risk Analytics product suite enables financial institutions to address multi-jurisdictional Basel II compliance and operational risk management.
