KnowCo introduces ‘KALM Cloud’ adding a scalable Cloud-based Stress Testing and ALM solution for Financial Institutions


KnowCo is adding KALM Cloud to its suite of asset and-liability management and stress-testing solutions.


KnowCo has been at the forefront of developing leading GRC (governance, risk and compliance) software solutions for UK and international FIs since 2010.

By Cloud-enabling its proven ALM application, KnowCo now offers the benefits of Cloud technology with a scalable, future-proofed system. In the words of the UK PRA, the Cloud offers “potentially enhanced resilience compared to firms’ on-premise data centres” (CP30/19), among other benefits.

KnowCo expect their Cloud-based stress testing solution to benefit banks in several main areas

Potential benefits include reduced in-house resources (and therefore reduced cost), superior computing/processing power (and therefore reduced latency) improved analytics and faster time-to-market. Innovation may be quicker and less risky because experimentation and testing of new ideas cost less and take less time. All of this has the power to drive net revenue growth. KnowCo is proud to offer an affordable, holistic Cloud offering that can grow with their clients’ businesses, as FIs increasingly adopt Cloud platforms, and leverage software-as-a-service (SaaS).

Dr Lise Land, KnowCo Executive Director, saidKALM Cloud is an option that we offer alongside, rather than in place of, the conventional on-premises version”

But while Cloud-enabling we’ve taken the opportunity to improve look-and-feel, streamline workflow and enhance visualisation. The FI personnel we’ve demo’d to – in the main, CROs and CFOs – have all responded very positively to what is now an even more intuitive and transparent system.”

The majority of UK FIs have yet to move their banking solutions to the Cloud, but Dr Land believes that momentum in this direction is growing ever-stronger: “The new breed of digital-only banks are overwhelmingly rejecting the old in-house infrastructure model, in favour of the cost efficiencies and relative security of the Cloud alternative”.

KnowCo Managing Director Paul Ashton commented: “We are very aware that we need to play our part, as a SaaS provider, in supporting clients’ compliance with the comprehensive governance, transparency and security requirements detailed in CP30/19 [the UK prudential regulator’s proposed rules on outsourcing and third-party risk management, including Cloud contracts]. Knowing and understanding those rules is critical to building compliant Cloud-based systems.”


February 2021


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

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