BOSTON and LONDON, Dec. 17, 2015 /PRNewswire/ -- CIMCON Software, Inc., the recognized global market leader in spreadsheet management and control solutions that reduce risk in End User Computing (EUC), today announced the launch of "Model Validation SR 11-7" and "Basel III", two new applications for mobile phones and tablets.
Model Validation SR 11-7 is a comprehensive review of the guidelines for effective model risk management from the Board of Governors of the Federal Reserve.
Basel III is an essential guide to the regulatory framework on bank capital adequacy, stress testing and market liquidity risk as presented by the members of the Basel Committee on Banking Supervision.
CIMCON has developed "Model Validation SR 11-7" and "Basel III" in recognition of their importance to the financial services community. By allowing users to search the documents by keyword and bookmark pages for quicker access, these apps make navigating through these guidelines easier. These two new apps join the Solvency II app that CIMCON released in 2013. Currently free of charge, the apps are available from the App Store for the iPhone and iPad.
"CIMCON Software is pleased to provide these applications as a resource to the financial services community," said Sanjay Agrawal, Director. "We hope that users will find them to be practical and time-saving references."
Incorporated in 1996, CIMCON Software pioneered spreadsheet management and controls and continues to set industry standards with its innovation, thought leadership and experience. Over the last 18 years, it has consistently been recognized as the market leader by leading market analysts, consultants, and customers. CIMCON was voted #1 in the category of "Spreadsheet Compliance Products" for two consecutive years by readers of Operational Risk & Regulation magazine.
Providing a complete set of one-stop End User Computing (EUC) lifecycle solutions, CIMCON's Spreadsheet and Access Database Management Suite is a de facto industry standard. Customers include the world's largest financial institutions in banking, asset management and insurance. The company's many innovations include using risk factors to assess and rank spreadsheet risk; providing compliance solutions for Access databases in a single integrated platform and a thought leadership portal www.spreadsheetcontrols.org to inform the industry. For more information, please visit www.sarbox-solutions.com.
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SOURCE CIMCON Software, Inc.