This new partnership signed on May 6 in Bangalore by Dr Willi Brammertz, Co-founder of IRIS and Mr. N.G. Subramaniam, VP and Head - Banking Practice of TCS allows TCS to complement their current risk management offerings with RiskProâ¢ integrated enterprise wide financial analysis solution covering ALM, Market Risk, Credit Risk, Basle II and IAS 39 from a single platform. This allows TCS and IRIS to address the emerging market needs for an integrated enterprise wide risk and profitability management requirement including Basle II compliance, with a unique value proposition.
"We have selected the RiskProâ¢ from IRIS to support the need for integration in risk and profitability analysis driven by the Basle II requirements and to promote the transparency that modern financial management requires for institutions of any size. Our experienced teams of consultants will drive the process from the data up to the modelling with the technical support from IRIS", said Mr. N.G. Subramaniam, Head Banking Practice.
"Because of the qualification and resources of TCS and having already worked with TCS in projects focused on the integration of RiskProâ¢ with the Quartz core banking system from TCS, we are very eager to team with TCS and the Banks in the region to leapfrog the traditional silo analytics with our integrated RiskProâ¢ analysis solution to the benefit of a more transparent and stable banking system" said Dr. Juerg B. Winter, Chairman and co-founder of IRIS integrated risk management ag.