Polaris Launches World's Leading 'Basel III - Ready' Solution

By Polaris Software Lab, PRNE
Monday, May 30, 2011

ABU DHABI, UAE and CHENNAI, India, May 31, 2011 -

- Will Strengthen Banks Ability to Conform to the Global 'Liquidity'
Standards of Basel III Regulation

Polaris Software (POLS.BO), a leading global Financial
Technology Company, today announced the launch of Intellect(TM) Liquidity
Risk Management (LRM) solution which enables the banks and financial
institutions worldwide to comply with BASEL III. The solution is being
showcased to the Banking industry leaders at the Middle East Financial
Technology Exhibition and Conference (MEFTEC 2011).

The focus on effective management of liquidity is ever
increasing in the post meltdown world. The increased incidence of failures in
the financial services marketplace has further intensified this trend. BASEL
III is part of the continuous effort made by the Basel Committee on banking
supervision to enhance the banking regulatory framework. At a high level, the
regulations fall in two groups viz. Solvency and Liquidity. Globally, banks
have progressed adequately on the 'solvency' part of regulation while working
on Basel I, II and 2.5 regulations. However, financial institutions will need
to make fresh technology investments to be able to monitor and manage real
time internal liquidity.

Our solution helps the banks to achieve the following business
rationale with regard to BASEL III norms:

Intraday Liquidity Management

- Minimize Intraday Liquidity Exposure

- Reduce the Cost of Borrowing

- Optimize Investment

Structural Liquidity Management

- Enables Asset - Liability classification/definition

- Ratios for Short term and long term funds usage

- Scenarios/Stress Testing and its impact on liquidity and
determine the capital coverage


- Helps in arriving at the right pricing to achieve borrowing
and lending targets- core to Structural Liquidity Management

Speaking on the occasion, Arun Jain, Chairman & CEO, Polaris
Software, said, "In light of the Basel III regulations, the launch of
Intellect(TM) LRM is just in time. The solution is created from the best
practices in global risk and treasury management assimilated over years of
working with top tier banks in 80 countries across the globe. Intellect LRM
is built on a superior architecture comprising Intellect(TM) ALM, functioning
at Saudi's top rated bank and Intellect Treasury system, live in a leading
Treasury in Bahrain. It will establish stronger liquidity standards, improve
resolution frameworks and enable banks comply with Basel III."

    For more information, please contact:

    Dwaipayan Deb
    Polaris Software
    Tel: +91-9962536442


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