FERNBACH-Software announced Friday the release of an Arabic version of the company’s FlexFinance Basel II software.
FERNBACH’s new version is among the first Basel II compliance solutions in the world to be translated into Arabic, the company says.
Basel II compliance is required for EU trading, but other countries are following suit, setting voluntary compliance regulations to enable trading with European nations.
And among the 270 Islamic banks spread across 40 countries, this trend is becoming especially popular.
An Arabic Basel II solution will offer a means for Arabic banks to more easily meet Basel II compliance standards, FERNBACH says.