Mumbai, May 22 (UNI) The third largest bank of Malaysia, Public Bank has selected I-Flex solution an IT solution company to provide credit risk management and Basel II consultancy for its operations.
Basel II is the revised international capital framework to align the capital adequacy requirement of banking institutions with key elements of the banking risks i.e. credit, market and operational risk.
Commenting on the selection, Kishore Kapoor, CEO, I-flex solutions said, ''I-flex offers the most comprehensive range of solutions and services to enable banks to meet regulatory requirements and build a risk and compliance framework that enhances competitive advantage that meets the commendable risk management objectives that Public Bank has set for itself.'' I-flex consulting is the consulting division of I-flex solutions, a leading provider of IT solutions to the global financial Services industry.