Dubai Bank deploys Iris AG's riskpro platform

The first step of the implementation will be ALM followed by Funds Transfer Pricing and Performance Analysis.

Mr. Samir Safa, Chief Information Officer of Dubai Bank stated: "The key benefits that we identified from IRIS AG are the extensive professional expertise the team is able to provide in this field combined with the flexibility of the riskpro system."

"Islamic Banking is one of the fastest growing areas within the global financial markets, and one that Dubai Bank is currently considering to enter. Having a robust ALM infrastructure is a key component of managing the Bank's balance sheet in an Islamic Banking environment. The flexibility and analytical capabilities offered by riskpro mean that we can bring world class expertise to the management of the Bank's balance sheet including the handling of current and future Shari'ah compliant products" stated Mr. Biswajit Kamal Dasgupta, Treasury Head, Dubai Bank.

Dr. Juerg Winter, Chief Executive Officer of IRIS AG said: "IRIS is proud to count Dubai Bank, a young but fast growing and very successful bank, to our customer base and we look forward to contributing with our experience and the riskpro analysis technology to the effectiveness, transparency and financial decision support capabilities of this innovative Bank."