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NT Bureau
Chennai, Apr 13:

        Polaris Software Lab Ltd, the IT services provider for banking and financial services, has opened its Centre for Risk and Treasury Solutions at Mumbai.

        This super-speciality centre would provide a sharp focus on technology uprgradation for services handled by treasury departments in banks and MNCs. Also, the centre would offer products and components for trading and liquidity management.

        With implementation in eight banks and financial institutes last year, the company's Risk and Treasury Solution Centre would extend cutting edge software to key users in treasury departments of banks and financial houses. 'There is a huge potential for risk and treasury (R&T) solutions in the global market place. With the market just beginning to look at investment banking as an offshorable commodity, this specialised centre will gain acceptance from not just banks, but also from major corporates too, thereby expanding our customer base,' said Arup Gupta, president and chief operating officer, Polaris.

        Venkatesh Srinivasan, head, R&T Solution Centre, said last year the unit had a phenomenal success with Asset and Liability Management (ALM) solutions. 'We already have two live sites for the R & T product as reference sites. The centre will support us in expanding our market in treasury operations.'