Posted on: March 28, 2023
London, UK – March 2023 – Whistlebrook Limited is pleased to announce that Jordan International Bank has selected Whistlebrook’s Asset & Liability Management product, WALM®.
WALM® is a flexible and comprehensive solution for the assessment of different types of risk arising from a financial institution’s portfolio of assets and liabilities. It can support both the standard set of interest rate stress scenarios as defined by the PRA, as well as an institution’s internal models. WALM® also manages the generation of bespoke reporting packs, such as the full Management Information pack for the ALCO, significantly reducing overheads and time for MI reporting.
Sanjay Rajagopal, Chief Operating Officer, Jordan International Bank said “After an extensive proof of concept, we have chosen to deploy the Whistlebrook WALM® product to allow the Bank to effectively measure inherent risk in the business and assess the potential impact of various stresses. The automatic generation of report packs will also significantly reduce the time taken to produce our monthly ALCO pack, allowing far more time for us to draw insight from the analysis of output from WALM®. The centralised data model in WALM® will enable us to introduce complete consistency of data across all our reporting requirements in the future.”
Andy Hudders, Whistlebrook Company Director added: “I am delighted that The Jordan International Bank has added the WALM® system to its suite of Whistlebrook products. We are pleased to have completed another successful project with Jordan International Bank, and I look forward to building our relationship over many years to come.”
About Jordan International Bank
Jordan International Bank Plc, a UK-domiciled bank, was established in London in 1984 and is regulated by the PRA and the FCA. Jordan International Bank (“JIB”) is headquartered in St James’s, Central London and primarily provides bespoke development and investment loans to experienced UK property professionals. JIB is proud to provide an exceptional level of service to its clients and also offers a range of private banking services, including residential mortgages and savings products to High Net Worth Private Banking clients in the UK and the MENA region.
Find out more at www.jordanbank.co.uk
Founded in 1997 Whistlebrook is a leading provider of back-office software solutions to the financial services industry. These software solutions have been developed with financial institutions to solve particular business problems, provide business insights and improve efficiency. The software solutions comprise of a portfolio of back office applications, all integrated at database level, that cover such areas as: Regulatory Reporting; Effective Interest Rate calculation; Hedge Accounting, Single Customer View; Funds Transfer Pricing; Treasury Management; Margin Management and Accounting.
Find out more at whistlebrook.co.uk