TLC Risk Solutions and STB Systems Announce Strategic Partnership

TLC Risk Solutions, a leading supplier of Basel II risk systems to the financial services industry, has entered into an alliance with leading regulatory and compliance software specialist STB Systems. Through the new relationship, TLC barracuda customers will be able to automate Basel II reports and local regulatory requirements with STB-Reporter, without the need for any additional systems. STB-Reporter, STB's regulatory reporting system, provides a comprehensive addition to TLCs barracuda solution for any financial institution.

(PRWEB) July 30, 2005 -- The barracuda solution calculates regulatory capital under Basel II and assures minimum capital requirement through expert optimisation of exposure and mitigation. barracuda also provides a full range of components to enable the implementation of approaches for the Internal Capital Adequacy Assessment Process (ICAAP). barracuda provides a predefined, Basel II specific, data taxonomy and acts as the data 'concentrator' for all the data from disparate source systems required to properly calculate RWA under Basel II. barracuda has been fully integrated with key banking systems such as Temenos.

Data from barracuda will automatically feed STB-SuperConsolidator, STBs data management tool, and populate regulatory Basel II reporting forms. In addition, clients can maximize their regulatory reporting by mapping data from core banking systems to STB-SuperConsolidator to provide the full range of statistical and supervisory reporting required by their local regulator. STB are regulatory vendors of choice for many core banking system vendors.

As Keith Eden, Executive Chairman of TLC Risk Solutions explains, the agreement forms part of TLCs strategy to provide best of breed solutions to its customers; International regulations mean that all financial institutions have complex regulatory compliance reporting issues. STB-Reporter is by far the best solution in the marketplace today and this combined with the simple interface to TLCs Risk Solution, barracuda, enables our joint customers to maximise the benefits from the combined reporting solution".

Commenting on the agreement, Michael Thomas, Group CEO at STB Systems said: We are delighted that TLC has chosen our market leading STB-Reporter system to partner with. TLC and its barracuda product suite are already proving to have an impressive reputation in the Basel II marketplace and we look forward to working with them."

About STB Systems

STB is one of the world's leading vendors of automated compliance reporting solutions for the financial markets. Founded in 1984, STB has offices in London, New York, Hong Kong & Singapore.

STB's solutions are designed to automate the critical controls that protect financial institutions, handling internal & external reporting to satisfy the relevant regulatory bodies and assist in compliance with anti money laundering procedures.

The company is one of just six recognised by the Bank of England for electronic reporting submissions and works closely with many other respected industry bodies. STB's core competence puts them at the forefront of regulatory & compliance technologies, offering best of breed solutions for their customers.

www.stbsystems.com

Media contacts

STB Systems
India House
45 Curlew Street
London
SE1 2ND
Tel: +44 (0)20 7403 2188
Fax: +44 (0)20 7403 4425

About TLC Risk Solutions

TLC Risk Solutions is a software product company serving the banking sector. The TLC approach is distinguished by a combination of deep business knowledge and experience and technology expertise enhanced by rigorous methodologies and disciplines. TLCs primary focus is in the areas of Credit, Operational and Market Risk for Basel II compliance, and the provision of a comprehensive framework for the implementation of best practices in risk management.

TLC Risk Solutions' barracuda software product is the complete solution for the calculation of regulatory capital under Basel II. barracuda assures minimum capital requirement through expert optimisation of exposure and mitigation. barracuda has been fully integrated with key banking systems and is available now for implementation. Complete transparency is enabled, and full drill-through and drill-down analysis capability is incorporated.

barracuda is the best of breed Basel II solution in terms of functionality, performance, flexibility and commercial appeal.

www.tlcrisksolutions.com

Media contacts

11-29 Fashion Street
London
United Kingdom
E1 6PX

Tel: +44 (0)207 375 3784
Fax: +44 (0)207 375 3785

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