Chennai, May 31 (IANS) Chennai-based financial technology major Polaris Software Lab Ltd Tuesday launched a new solution – Intellect Liquidity Risk Management – that enables banks and financial institutions to comply with BASEL III prudential norms.
In a statement issued here, the company said the liquidity risk management (LRM) solution is meant to improve the bank’s ability to monitor internal liquidity – both structural and intraday.
The solution now showcased at the Middle East Financial Technology Exhibition and Conference held at Abu Dhabi also enables stress test to calculate the bank’s capital adequacy and and rigorous reporting process to review the implications of the liquidity mismatch.
‘In light of the Basel III regulations, the launch of Intellect- LRM is just in time. It will establish stronger liquidity standards; improve resolution frameworks and enable banks comply with Basel III,’ said Arun Jain, chairman and CEO of Polaris Software, in the statement.
