Polaris Software, a leading global financial technology company has launched Intellect Liquidity Risk Management (LRM) solution which enables the banks and financial institutions worldwide to comply with BASEL III. It is state of the art liquidity risk management solution meant to improve the bank’s ability to monitor internal liquidity, both structural and intraday along with stress test to calculate the bank’s capital adequacy and rigorous reporting process to review the implication of the liquidity mismatch.
The solution is being showcased to the banking industry leaders at the Middle East Financial Exhibition and Conference (MEFTEF2011). The increased incidence of failure 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 investment to be able to monitor and manage real time internal liquidity.
MEFTEC is the world’s premier financial technology event dedicated to emerging markets, with specific focus on the Middle East, Africa and South Asia (MEASA) region. Polaris software lab is a leading financial technology company, with its comprehensive portfolio of products services and consulting.