Central 1 Selects Armanta's Risk Analytics Software for Liquidity, Credit, and IFRS 9 Solutions

VANCOUVER, British Columbia, April 24, 2017 /PRNewswire/ -- Armanta Corporation today announced an agreement with Central 1 for Armanta to provide its advanced analytics software. Armanta is a platform that can deliver an integrated and comprehensive solution for dynamic risk analysis, reporting, what-if scenarios, visualization and interactivity, incorporating trading and counterparty information as the basis for analysis.

Highlights:

• In April of 2016, Central 1's IFRS9 solution, built in Armanta's platform, was chosen as the recommended national solution provider for Credit Unions by the National Initiative ("IFRS 9 Readiness for Credit Unions").
• Armanta's technology was used as the internal platform to support Central 1's needs in Liquidity/ALM and Credit
• These solutions not only deliver on the required regulatory needs, they also enable users to gain deep insight by providing sophisticated what-if capabilities and transparency to data at any level of the organization.

"Armanta's technology enabled us to deliver on multiple technology needs, both internal and client-facing with plans that were aggressive both in terms of capabilities and time frames," said Michel Labelle, Central 1's Director of Technology Strategy.

"Financial services and other industries are under increasing pressure to rapidly understand, analyze, and respond to market and competitive conditions," said Peter Chirlian, Armanta CEO.  "Enterprises now demand dynamic, scalable approaches that enable them to know where they stand so they can make more informed decisions, based on true analysis as opposed to simply reporting. We appreciate the confidence Central 1 has placed in our approach."

About Armanta Corporation

Founded in 2001 Armanta delivers and deploys enterprise software, addressing analytic challenges so that applications, calculations, and analysis and reporting serve the global enterprise and manager needs in current time. With significant experience in rapidly deploying analytic solutions to its enterprise customers, Armanta focuses on information-intensive industries including: financial services; media and communications; health sciences; retail; manufacturing/supply chain; utilities; and government.

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SOURCE Armanta