Mumbai: In a bid to cash in on the growing risk and treasury sector, IT company Polaris Software Lab launched its Super Specialty Centre for Risk and Treasury Solutions at Mumbai on 12 April.
The centre would provide sharp focus to technology modernization services in treasury departments of banks and MNCs, besides offering specialized products and components for trading, operations and liquidity management, a Polaris Software communique to the BSE said.
As per data quoted by IT research & consulting firm Forrester, Risk and Treasury, one of the fastest growing segments in Europe and America, accounts for $36 billion worth business, it added.
Speaking on the launch of the centre, Polaris Software President and COO Arup Gupta said: “There is a huge potential for Risk & Treasury (R&T) solutions in the global market place.
“With the market just beginning to look at investment banking as an offshore commodity, this specialized offering will gain acceptance from not just the banks but from all corporates too, thereby expanding our customer segment.”
Having already implemented products in top banks and financial institutes last year, the company’s Risk & Treasury Solution Centre will provide pre-fabricated solutions in the risk, treasury and liquidity domain for accelerated deployment for sell side and buy side organizations.