London March 30, 2005 - Almonde, a leader in compliance and risk management solutions, expands its client base in Poland by concluding an agreement with Invest-Bank in partnership with Deloitte.

“The objective was to have Invest-Bank up and running quickly to meet regulatory requirements while ensuring long-term potential to implement Basel II, IAS, ALM and FTP on a single platform.” said Shawn McMorran, Almonde CEO. “Thanks to our partnership with Deloitte as well as Almonde’s product design and project methodology, Phase I will be delivered in a record time of two months. It includes core IAS functionalities (amortized cost, effective yield computation...) and a unique impairment modelling module. More functionality will then be implemented with the same level of delivery efficiency.” added McMorran.

Fast and smooth implementation is one of the key differentiating factors of the Almonde suite. Thanks to its robust and smart built-in capabilities, Almonde allows customers to be up and running quickly in a secure manner.

Almonde's modular and open approach ensures that customers can leverage their initial investment to build a complete state-of-the-art risk management platform delivering business value in the long run.

Fully trained on the Almonde suite, Deloitte Poland will provide business consulting, integration and support services.

Since 1995, Almonde’s industry experts have been building risk management software to help banks improve their overall performance in a compliant and cost-effective manner. With professionals in London, Paris and India, Almonde offers an award-winning risk management platform composed of four major modules: Basel II, Asset Liability Management (ALM), IAS 39 and Funds Transfer Pricing (FTP), leveraging a common scenario analysis engine and data model. These solutions are available either on a stand-alone basis or on an integrated global solution basis.