Krung Thai Bank has selected Kamakura Risk Manager (KRM) for its enterprise risk management operation.
The bank, which holds 1,957,827 million Baht ($63 billion) in assets, will use KRM for report generation and compliance, as well as the management of interest rate, foreign exchange (FX), market and liquidity risk. The software also includes functionality for daily liquidity reporting adjusted for the effects of customer behavior, along with relevant contingency planning.
"Kamakura Corp. is extremely pleased to have Krung Thai Bank as a client," says Martin Zorn, chief administrative officer at Kamakura. "Kamakura has worked with 82 banks, insurance companies, corporations and governments in Asia, and each new client has made an important contribution to the quality of Kamakura's enterprise risk management software, risk information service KRIS, and risk consulting business. Kamakura looks forward to many decades of advancing the state of risk management with the risk team at Krung Thai."
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