Mumbai, India (BUSINESS WIRE) - i-flex solutions (Reuters: IFLX.BO/IFLX.NS), a leading provider of technology solutions to the global financial services industry announced today that TAIB Bank, a leading bank in the Middle East, has selected the Reveleus Basel II Solution and the Reveleus Asset Liability Management (ALM) Solution.
The implementation will begin at TAIB Bank's Headquarters at Bahrain.
TAIB was among the first private banks in the region to provide Investment Banking and Wealth Management solutions to high-net-worth individuals and institutional investors. Regulated by the Central Bank of Bahrain, TAIB Bank will use the Reveleus Basel II solution to compute regulatory capital and the ALM solution to manage liquidity and interest rate risks.
Supporting Quotes:
Mr Mohammad Saleh (President and COO), at TAIB Bank said, "In today's ever evolving technology driven world, it is of paramount importance that the financial institutions follow a strict regime of compliance with regulatory requirements, and Reveleus would help us in achieving it."
Speaking on the association with i-flex, Mr Dayanand Shetty (Senior Vice President), at TAIB Bank said, "We have a long history of successful working relationships with i-flex and the recent agreement for implementation of Reveleus would further strengthen it."
Mr Deepak Katyal, Vice President, Information Technology TAIB Bank, added, "Reveleus would enable us to adopt an enterprise-wide approach to risk and enables us to be at the forefront of risk management. It will help us comprehensively monitor and measure our risks across geographies, investment strategies and product groups."
Commenting on the customer win, Mr S. Ramakrishnan - CEO of Reveleus and Mantas, said, "The selection of Reveleus by TAIB demonstrates that we are well positioned to help customers deal with the challenges posed by Governance Risk and Compliance (GRC). TAIB will benefit from what we have learnt from Basel II global deployments around the world and we look forward to working in partnership with them."
For more information, please visit: www.iflexsolutions.com
i-flex solutionsEapen Thomas, +91-22-6718-5132+91-22-2823-5231
eapen.thomas@iflexsolutions.com or Adfactors
PRPiya Roy, +91-22-2287-1361+91 98207 40379 piya.roy@adfactorspr.com
The implementation will begin at TAIB Bank's Headquarters at Bahrain.
TAIB was among the first private banks in the region to provide Investment Banking and Wealth Management solutions to high-net-worth individuals and institutional investors. Regulated by the Central Bank of Bahrain, TAIB Bank will use the Reveleus Basel II solution to compute regulatory capital and the ALM solution to manage liquidity and interest rate risks.
Supporting Quotes:
Mr Mohammad Saleh (President and COO), at TAIB Bank said, "In today's ever evolving technology driven world, it is of paramount importance that the financial institutions follow a strict regime of compliance with regulatory requirements, and Reveleus would help us in achieving it."
Speaking on the association with i-flex, Mr Dayanand Shetty (Senior Vice President), at TAIB Bank said, "We have a long history of successful working relationships with i-flex and the recent agreement for implementation of Reveleus would further strengthen it."
Mr Deepak Katyal, Vice President, Information Technology TAIB Bank, added, "Reveleus would enable us to adopt an enterprise-wide approach to risk and enables us to be at the forefront of risk management. It will help us comprehensively monitor and measure our risks across geographies, investment strategies and product groups."
Commenting on the customer win, Mr S. Ramakrishnan - CEO of Reveleus and Mantas, said, "The selection of Reveleus by TAIB demonstrates that we are well positioned to help customers deal with the challenges posed by Governance Risk and Compliance (GRC). TAIB will benefit from what we have learnt from Basel II global deployments around the world and we look forward to working in partnership with them."
For more information, please visit: www.iflexsolutions.com
i-flex solutionsEapen Thomas, +91-22-6718-5132+91-22-2823-5231
eapen.thomas@iflexsolutions.com or Adfactors
PRPiya Roy, +91-22-2287-1361+91 98207 40379 piya.roy@adfactorspr.com
1 comment:
great post
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