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KBC Deploys 'Evolutionary' Platform

INFRASTRUCTURE

LONDON--Belgian banking group KBC recently signed Codefarm to provide "evolutionary computing" solutions for its financial products division.

The bank began working with the vendor last August to perform a short evaluation project that led to the integration of KBC’s pricing model and Codefarm’s Galapagos workbench, officials say. The bank is using the workbench for convertibles, equity and credit derivatives.

The project employed the Galapagos platform to optimize in-house pricing models and to

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