Surya Software will help banks to manage risk using Banking Asset Liability Management Solution (BALM) based on Microsoft SQL Server.
Major banks can better handle risks arising from asset liability mismatches with the new solution. BALM helps bank to measure liquidity risk, interest rate risk and perform balance sheet management.
Surya Software said the BALM solution enables banks to make more effective decisions while reducing operational costs.
Major Banks like Axis Bank, Oriental Bank of Commerce, United Bank of India, South Indian Bank, Karur Vysya Bank are already using BALM Solution.
BALM comprises of two independent modules Data Collection and Data Analysis, which addresses functionally diverse aspects of ALM.
Officials said aggregation, validation, and uploading of data from various transaction systems in the bank is done by Data Collection module.
While Data Analysis module equips decision-makers with desktop, laptop and tablet access to ALM tools.
With these tools bank can take decisions quickly, analyze their financial position along multiple dimensions and manage risks effectively.
Banks can also quantify and monitor risks to meet regulatory mandates.
Microsoft said they worked with Surya Software to ensure that the application was certified on SQL Server and BALM performed seamlessly.
In order to make this solution successful, Microsoft’s Empower for ISV program provided Surya Software with license entitlements, marketing support, technical support, trainings, and incentives.
“Surya Software’s BALM software offers the Bank an enhanced platform to meet its liquidity and interest rate risk monitoring and analytics requirements in addition to meeting regulatory and internal reporting needs,” said Pravat Dash, SVP & Head (Market Risk), Axis Bank.
Last month, Miles Software built a solution on SQL Server 2014 to help fund managers gain insights by integrating data sources from the cloud and on premise system.