Mumbai, June 12: Reveleus, a business division of i-flex solutions that provides analytical applications to the financial services industry globally, today announced that Wachovia Corporation, the fourth largest bank holding company in the United States, has selected its Basel II solution.

“We have been the preferred vendor for many banks globally. Worldwide banks like Bank of Montreal, Canada, Citigroup, and Wells Fargo are some of our clients,” Arun Pingaley, head (functional solutions and experts group) of Reveleus, told The Telegraph from Bangalore.

Currently, over $2.7 trillion of North American banking assets flow through the Reveleus Basel II engine.