Bank updates

Following a thorough evaluation, Dubai Bank has decided to implement Riskpro, the integrated financial analysis infrastructure from IRIS.

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By  Sarah Gain Published  December 27, 2005

Following a thorough evaluation, Dubai Bank has decided to implement Riskpro, the integrated financial analysis infrastructure from IRIS. The first step of the implementation will be ALM followed by funds transfer, pricing and performance analysis. Dr Juerg Winter, CEO of IRIS says IRIS is pleased to add the young, but fast growing and bank, to its customer base. “We look forward to contributing to the effectiveness, transparency and financial decision support capabilities of this innovative bank with our experience and the Riskpro analysis technology,” he says. Samir Safa, CIO at the bank states, “The key benefits that we identified from IRIS 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,” explains Biswajit Kamal Dasgupta, treasury head at Dubai Bank. “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,” he adds.

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