Polaris Software Lab has announced the launch of its Super specialty Center for Risk and Treasury Solutions at Mumbai. This solutions center will provide sharp focus to technology modernization services in Treasury departments of Banks and Multi national corporates, besides offering specialized products and components for Trading, Operations and Liquidity Management.
With implementation in the top 8 Banks/Financial institutes last year, Polaris's Risk & Treasury Solution Center will not only provide sophisticated & cutting edge solutions to key users in Risk & Treasury, but also answer the need of pre-fabricated solutions in Risk, Treasury and Liquidity domain for accelerated deployment for sell side and buy side organizations. Given the criticality of the Risk Management function and regulatory risk control, the solution's special methodology and technology in data fidelity will aid in accurate Risk Analytics.
Risk and Treasury is the fastest growing segment in Europe and America . As per the research published by Forrester this business through consulting/solution stands at a volume of 36 billion. All the corporates require a risk management approach that is easy to understand and implement across the organization.
Polaris has built world class intellect suite The Intellect MM product provides unmatched flexibility showcased through the customized screens for traders to trade, maintain their blotter, monitor positions/risk, see real time market analytics and even run transaction simulations - all on the same screen. In line with this Polaris as proactive player in the BFSI segment has deployed 500 consultants in the Risk & Treasury Business to provide consulting and solutions. These consultants have served Top 10 out of Top 25 global financial institutions for the last 12 years.
Speaking on the occasion, Arup Gupta, President and COO, Polaris Software Lab, said, "There is a huge potential for Risk & Treasury (R&T) solutions in the global market place. With the market just beginning to look at Investment Banking as an offshorable commodity, this specialized offering will gain acceptance from not just the banks but from all Corporates too, thereby expanding our customer segment."
Venkatesh Srinivasan, Head, Risk & Treasury Business Solution Center , said, "Last year, we had phenomenal success with Intellect Money Market solution and our Asset and Liability Management (ALM) solution. We already have two LIVE sites for the R & T product as reference sites. This will further support us in expanding our addressable market for this offering." |
