ALMIS International is pleased to announce that GB Bank, which was awarded their full banking license in August 2022, have chosen “to add additional ALMIS International products as it continues to drive forward its ambitious growth plans.”
Having already trusted ALMIS International for their ALM and Regulatory Reporting requirements, GB Bank has now “chosen to implement Cobalt – ALMIS International’s bespoke treasury management system for banking institutions.”
The Bank will also now use ALMIS International ‘for its Hedge Accounting solution.”
Paul Pimm, Prudential Reporting Manager at GB Bank commented:
“We are pleased to extend the relationship with ALMIS International and take on these two additional products. The software will support the development of GB Bank’s offering and integrate with the proven and reliable existing ALM platform.”
Chief Product Officer at ALMIS International, Luke DiRollo added:
“We are thrilled to extend our offering with GB Bank, who we have been working with since 2020. This agreement is a testament to the success of our relationship so far and we are excited to integrate our TMS and Hedge Accounting products.”
As noted in the update, GB Bank is dedicated “to building and re-generating communities across the UK who need it most.”
By supplying SME property developers and property investors “with a range of flexible finance solutions, from short term bridging finance to long term investment mortgages, they ensure their customers are fully supported throughout the entire lifecycle of both commercial and residential developments.”
The development finance is “supported by the banks recently launched fixed rate savings accounts.”
A GB Bank savings customer “benefits from highly competitive rates, peace of mind knowing their savings are secure and their money is helping to support local community regeneration.”
As mentioned in the announcement, ALMIS International claims it is “a leading provider of integrated risk management solutions for banking institutions.”
Their comprehensive suite of solutions “includes Asset Liability Management (ALM), Regulatory Reporting, Financial Planning, Treasury Management, and Hedge Accounting.”
ALMIS International’s solutions are “designed to help financial institutions optimize their operations, manage risk, and ensure compliance with regulatory requirements.”
ALMIS International’s solutions are “trusted by a wide range of banking institutions.”
The company claims it “has a proven track record of providing exceptional customer service and support, and their solutions are designed to be flexible, scalable, and easy to use.”