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[ INFORMATION SYSTEM Axis Bank has implemented a new derivatives system -- Summit FT byglobal financial applications provider -- Misys.

The system will provide the bank with the ability to structure derivative products in real time, reducetime to market, and give a single view of the entire transaction to thecustomer. According to Prabhakar Saxena, general manager (India) of Misys, "A lot of banks are providing derivative products on a back to back basis. But these are plain vanilla products, which are uniform in nature.Summit FT will help Axis to structure its derivative products differently andoffer its customers products that are different from the run-of-the-millderivatives. Thus, it can charge a premium for its dynamic services." The bank hopes to leverage the ability to rationalize its currently dispersedfunctions to provide a single view of every transaction to customers.Derivative transactions can expose the bank to three broad categories of risks: counterparty credit risk, market risk, and operational risk. Withderivatives and structured products operations currently served by a range of third party vendor solutions, spreadsheets, and customer built platforms, the bank is predicting that rationalizing systems across front, middle, and back office operations will provide significant competitive advantage. ]
Misys: Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, treasury, trading and risk solutions available on the market for both the sell- and buy-side. The company serves 1,800 banks and financial institutions across 120 countries. Banking Solutions Misys works with the world's leading banks, combining the knowledge and expertise born from delivering results to customers around the globe. Misys' banking solutions enable financial institutions to carry out essential tasks across retail, corporate and wholesale banking including Core Banking, Transaction Banking, Payments & Financial Messaging, Trade Services, Cash Management, Mobile and Online. These solutions help banks to meet business needs in these areas; streamlining operations, introducing new products, reducing costs, improving efficiencies and customer service, and ultimately increasing revenues while reducing risk. Capital Market Solutions Misys is the largest provider of capital markets software in the world. Misys' capital markets solutions enable financial institutions to carry out essential tasks across the sell- and buyside, including lending, cross-asset trading, OTC derivative trading, risk management, central clearing,treasury, post-trade processing, and collateral management. These solutions help financial institutions to comply with regulatory requirements, meet the changing needs of their customers, attain competitive advantage, realize operational efficiencies and grow their business.

Tcs :
Tata Consultancy Services (TCS) implemented the TCS BaNCS Core Banking Solution, which provides for a multi-entity, multi-currency and multi-language operation, based on international messaging standards. This state-of-the-art architecture is provided with unprecedented scalability, fault resilience and business continuity. Enabling it to integrate and centralize its customer base across the country. As one of the worlds fastest growing technology and business solutions providers, TCS played the dual role of a technology partner and innovative solutions provider,

With a wealth of experience partnering the worlds leading banks and financial institutions, and a comprehensive range of services and solutions, TCS is the partner that gets you results: optimized investments, enhanced operational efficiencies, minimized risk and sustained cost leadership. Client Challenges

Increasing regulatory and security requirements Providing superior levels of customer service Managing price pressures with greater efficiency What TCS Provides

Reliable and secure systems that address market changes quickly, develop profitable customer relationships and secure new opportunities to stay ahead of competition Comprehensive, end-to-end, domain-led business process solutions that enable Banking and Financial Services institutions to focus on their core financial services competencies

Segments

Cards Banking Technology Depository/Registry Custody Reconciliations Retail Banking Investment Banking Risk and Compliance Surveillance Corporate Banking Wealth Management Exchanges/Trading/Broker-Dealer Clearing/CCP