i-Flex to acquire SW product from Capco

By agencies   |   Tuesday, 21 June 2005, 07:00 Hrs
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BANGALORE: i-Flex solutions Ltd Tuesday said it plans to acquire a risk management software product from consulting company Capco.

It did not indicate the value of the transaction.

The product is called Operational Risk Tool Suite (ORTOS) and i-Flex hopes that, combined with its own risk management product called Reveleus, financial institutions will be able to comply with Basel II faster.

The Basel II norms have been agreed by global central bankers to determine the amount of capital banks must keep in reserve to cushion unforseen risks.

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