DSL, Cicada partner for FIs

BANGALORE: DSL Software Ltd, the investment banking technology & operations arm of HCL Technologies based in Bangalore, has announced an alliance with Cicada that combines DSL's strength in providing technical and operational solutions to the global banking and financial services industry with Cicada's reference data management expertise and solutions suite.

Effective data management is considered core to many challenges in the financial services industry. Institutions must also maintain reliable counter-party information for compliance with the new risk management and regulatory standards. According to the company release, the alliance between DSL and Cicada will offer a range of outsourced solutions to address these and allied problems confronting the financial services industry today.

DSL Software has been providing technology solutions to the banking community for over a decade now and brings to the table proven expertise in the investment banking domain and related technologies. This alliance with Cicada is seen as a strategic move towards putting together a comprehensive range of service offerings, to position DSL as an end-to-end service provider in the banking and financial solutions space.

CEO of DSL Software, Ram Krishna elaborated, "This alliance is a certain fit, because we combine our technology and operations expertise with the data management capabilities of Cicada. Both companies have in-depth knowledge of the financial industry which is an added advantage."



Emphasizing the point, he termed the alliance, "a right combination by which, we want to bring smart operating techniques to our user community".

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