Article from Director - Quantitative Techniques in Management of Financial Risks
The last two decades have experienced considerable use and emphasis on the application of quantitative techniques (Quants) in managing financial risks. There are a number of risks that banks and other financial service providers have to manage as part of their regular and on-going business activities.
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Export Development Bank of Egypt (EDBE), Cairo, is implementing Surya’s ALM solution BALM
Surya’s ALM solution BALM is being implemented at EDBE,Cairo. EDBE offers banking and financial services and encourages export activities of agricultural, industrial, commercial and services sectors. BALM implementation is being done along with Finacle suite in association with Infosys.
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Raymond is implementing Surya's Corporate Treasury Management Solution- CorpTreasury
Raymond is implementing Forex module of Surya's CorpTreasury to manage their Forex operations. Raymond is the largest integrated manufacturer of worsted fabric in the world, with a capacity of producing 42 million meters of wool & wool-blended fabrics.
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Welspun has chosen to implement Surya’s Corporate Treasury Management Solution- CorpTreasury
Welspun has chosen to implement Forex module of Surya's CorpTreasury to manage their Forex operations. The solution is getting implemented in all major business lines and subsidiaries of Welspun. Welspun is a US$ 3 billion diversified group with global leadership in Line Pipe and Home Textile.
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Surya wins an Outsourced Product Development (OPD) contract from a US based customer
OPD is a new buzzword in the industry and Surya is not new to this. Surya had prior experience of building products in OPD model, building Wealth Management System, Cash Management System and Budgeting & Forecasting system for a leading Software House in India. The efforts were paid off by winning a contract to build an Insurance Policy Management System for a New York based Insurance Software Vendor. The product design, development and testing was carried out at Surya's offshore development centre.
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FBN, NBQ opt for latest version of BALM
First Bank of Nigeria (FBN) and National Bank of Umm Al Quwain (NBQ) have upgraded BALM to its latest version. Latest version of BALM has features such as advanced scenario building capabilities that is needed for banks to adapt to the changing market conditions and increased regulatory requirements.
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United Bank of India selects Surya's ALM solution for its RRBs
United Bank of India (UBI), a large public sector bank in India has selected Surya's BALM for all their sponsored Regional Rural Banks (RRBs)- Bangiya Gramin Vikash Bank, Assam Gramin Vikash Bank, Tripura Gramin Bank, Manipur Gramin Bank. Surya has partnered with HP for implementing this solution at these RRBs. UBI is already using Surya's products - BALM and FTP (Funds Transfer Pricing).
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