India's UTI Bank, has implemented Credence Analytic's integrated treasury and risk management solution iDeal for its corporate bonds, equity and mutual funds and derivatives investment operations.
The bank will interface the risk management system with Infosys' Finacle core banking solution.
The end-to-end system will be used for pre-deal analytics and transactions, to monitor exposures using the Value at Risk (VaR) module in the middle office and for back office settlement and reporting.
UTI Bank says iDeal was selected after an evaluation by all its front, middle and bank office users.