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Article from Director - Quantitative Techniques in Management of Financial Risks
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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
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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
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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
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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
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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
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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
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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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Surya Software Systems Private Limited
502/A, 1st Main, 8th Block Jayanagar, Bangalore 560082, India. Phone:
+91 (80) 4225 6000 / 4342 1212 / 2676 2446 / 2676 2447
Email: sales@surya-soft.com
Fax: +91 (80) 2676-3310
Web site : http://www.surya-soft.com
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