Polaris LRM solution to help banks comply with Basel-III norms

CHENNAI: Financial technology company Polaris Software Lab today announced the launch of "Intellect Liquidity Risk Management ( LRM)" solution for banks and financial institutions to comply with BASEL III regulations.

BASEL III provided by the Basel committee helps banks and financial institutions enhance the regulatory framework.

"Intellect LRM is the new state-of-the-art liquidity risk management solution meant to improve the bank's ability to monitor internal liquidity" Polaris said in a statement.

"In light of Basel III regulations, the launch of Intellect 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," Polaris Software Lab Chairman and CEO Arun Jain said.

Meanwhile, the company in another statement said it has appointed Pranav Pasricha as Global Head of its insurance business.Prior to his new post, Pranav was the CIO and Head of Strategy and operations for QBE Insurance Group,it added.