In 2008, Askari Bank embarked on an ambitious IT upgrade project. In addition to other areas, it was decided to automate the Risk Management Department’s functions by leveraging the state of the art Oracle Reveleus modules. Risk Management calculations are generally very complex and require a robust system to handle large amount of data. Two modules, Basel II Regulatory Capital and Market Risk VaR were selected to be implemented.
Techlogix was engaged by Askari Bank to take primary responsibility for the implementation; the first of its kind in Pakistan. A team of Functional and Technical resources was engaged by Techlogix to accomplish the task. The project was completed in 18 months.