Surya Software, a provider of banking technology, has enabled customers, including major banks, to improve their risk management capability with BALM (Banking Asset Liability Management Solution) based on Microsoft SQL Server. With this, banks are better placed to handle risks arising from asset-liability mismatches and make more effective decisions while reducing operating 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 that address functionally diverse aspects of ALM – Data Collection and Data Analysis. BALM interface packages flexibility to connect various core (Core Banking, Trade Finance, etc) and non-core (Treasury, Loan Management, etc) set of transactional source systems for Extraction, Transformation and Loading. The data collection module effectively aggregates, validates, and uploads data from various transaction systems in the bank; the data analysis module equips decision-makers with desktop, laptop, tablet access to ALM tools. This helps quick decision making and banks are able to analyze their financial position along multiple dimensions and manage risks effectively. They can quantify and monitor risks to meet regulatory mandates and, from an MIS perspective, get the most value from their investments. It also helps them model customer behavior, work out long-term plans, and monitor key economic variables quickly, easily, and more accurately.
Microsoft worked closely with Surya Software to ensure that the application was certified on SQL Server and BALM performed seamlessly. Microsoft’s Empower for ISV program provided Surya Software with license entitlements, marketing support, technical support, trainings, incentives, etc. to make this solution a success.
D N Prahlad, Surya Software said, “The asset-to-liability gap is a major task banks deal with on a daily basis. With BALM, we aim to respond faster to a dynamic market and regulatory environment. We will soon move the solution to the latest SQL Server 2014 to help take the solution to the cloud, as banks adopt cloud. Besides it helps our customers to deploy a high-performance database and benefit from advanced business intelligence and analytics for optimal risk management. The solution also carries a lower total cost of ownership and maintenance cost.”
“Surya Software’s BALM software provides Axis Bank with a Bank-wide asset liability management system capable of handling granular ALM data for both its domestic as well as overseas operations on a daily basis as well as consolidate liquidity positions using BALM consolidator. It 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
Srikanth Karnakota, Director, Cloud and Enterprise Business, Microsoft India said, “We are delighted to see leading banks drawing value from Microsoft’s comprehensive Data platform. BALM from Surya Software is helping address a crucial risk management needs of banks in India. Powered by SQL Server’s blazing performance and analytics which are an integral part of the Microsoft Data platform, BALM is able to meet the demanding needs of banks on risk mitigation, regulatory norms and reporting.”
Microsoft SQL Server 2012 enables customers to build mission-critical applications and Big Data solutions using high-performance, in-memory technology across data warehousing, business intelligence and analytics workloads without having to buy expensive add-ons or high-end appliances. SQL Server 2012 uses a common set of tools to deploy andmanage databases both on-premises and in the cloud, which makes it easier for customers to take advantage of the cloud with existing skills.
