Founded in 2003, Alchemy has grown to be one of the oldest Enterprise risk and Actuarial firms in the region with a portfolio of several blue chip customers. Alchemy’s enterprise and Basel II risk solution, Alchemy Risk Manager has been built with feedback from International and local industry user groups.
It has won multiple product recognition awards including the MIT Business Acceleration Plan Runner’s up Award, the PASHA ICT Award for Best Financial Application as well as the Asia Pacific ICT Finalist for the Financial Application Category. Our products have now been show cased in Pakistan, Thailand, China, Malaysia, Singapore, Macau and the Middle East.
Alchemy’s product offerings include Risk Management and Treasury Management solutions, Obligor and Facility Risk Rating platforms, PD Calculators, custom financial model development and audits, interactive workshops, risk and actuarial advisory, Basel II compliant risk solutions for banks, insurance companies and portfolio managers.
In Pakistan, some of our distinguished clients include MCB Bank, KASB Bank, SAMBA (Formerly Crescent Commercial), Union Bank (acquired by Standard Chartered), Askari Commercial Bank, First Dawood Islamic Bank, MyBank, Karachi Stock Exchange, Dawood Family Takaful, KASB Capital and State Life Insurance Corporation of Pakistan.
Alchemy now has two joint ventures in place with partners in Thailand and Singapore and to date has run engagements in Karachi, Lahore, Dubai, Riyadh, Bangkok and Singapore. Our partners in Far East, with 80 plus customers from the financial services sector, compliment our strengths in being the partner of choice for risk management needs within the financial services industry.