Kamakura Corporation and KnowCo announce comprehensive IFRS 9 Solution: K9 Plus

London/Honolulu February 2020



Kamakura Corporation, the world’s leading provider of risk management software, research, data and consulting, are launching K9 Plus, an end-to-end IFRS 9 solution.


In partnership with KnowCo Limited, the London-based specialists in governance software for financial institutions, Kamakura is offering the first total IFRS 9 solution, incorporating expected credit loss (ECL) modelling, governance and reporting.
“K9 Plus is a game-changer”, says Jim Moloney, EMEA Head for Kamakura. “Kamakura’s best-in-class ECL models can now be delivered in KnowCo’s purpose-built IFRS 9 technical and reporting solution. Both are very good tools in their own right – as a package they’re unique.”


Paul Ashton, KnowCo’s Managing Director, said “Boards, auditors and regulators all want corporates and institutions to move on from their initial ‘tactical’ IFRS 9 solutions, some of which still sit in spreadsheets.  We built K9 with direct reference to the Standard itself, and in consultation with major audit firms.   Then we went looking for a partner with heavyweight credentials in ECL modelling to showcase our offering, which focusses on data control, integrity and transparency. Kamakura’s 30-year pedigree in credit risk modelling made them the ideal partner.”


Moloney adds “Institutions no longer have to compromise – K9 Plus offers powerful and predictive ECL modelling in an environment that assures data integrity and transparency”.


About Kamakura Corporation


Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing, and software. Kamakura was recognized as a category leader in the Chartis Report, Technology Solutions for Credit Risk 2.0 2018. Kamakura was named to the World Finance 100 by the editor and readers of World Finance magazine in 2017, 2016 and 2012. In 2010, Kamakura was the only vendor to win two Credit Magazine innovation awards.
Kamakura Risk Manager, first sold commercially in 1993 and now in version 10.0.4, is the first enterprise risk management system for users focused on credit risk, asset and liability management, market risk, stress testing, liquidity risk, counterparty credit risk, and capital allocation from a single software solution.
The KRIS public firm default service was launched in 2002. The KRIS sovereign default service, the world’s first, was launched in 2008, and the KRIS nonpublic firm default service was offered beginning in 2011. Kamakura added its U.S. Bank default probability service in 2014.
Kamakura has served more than 330 clients with assets ranging in size from $1.5 billion to $3.0 trillion. Its risk management products are currently used in 47 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, Ukraine, South Africa, Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Sri Lanka, Taiwan, Thailand, Vietnam, and many other countries in Asia, Europe and the Middle East. To follow risk commentary by Kamakura on a daily basis, please follow:
Kamakura CEO Dr. Donald van Deventer (www.twitter.com/dvandeventer)
Kamakura President Martin Zorn (www.twitter.com/riskmgrhi)
Kamakura’s official twitter account (www.twitter.com/KamakuraCo)


About KnowCo


KnowCo is a specialist support resource to financial institutions used by more than 35 UK-incorporated institutions.
All KnowCo systems are purpose-built to support ICAAP, ILAAP, and RRP, Risk Appetite Statement development and enhancement, CRR-compliant Pillar 3 Statements, Strategic Business Planning and Modelling, and Governance Policies, Processes and Assurance.


For more information, contact Paul Ashton +44 (0)7799 113535 or email paul.ashton@knowco.co.uk  or Jim Moloney on +49 1733 430184 or at jmoloney@kamakuraco.com