US financial major picks i-flex

"The solution will provide BMO with a complete set of rules, computation engines, business definitions and underlying data structures to help the bank accelerate compliance with the risk management requirements of the Basel II Accord," an I-flex said in a release.

BMO will implement Reveleus in Canada as well as internationally, it added. Reveleus is a business arm of i-flex solutions and provides analytical applications for global financial service industry.