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Birlasoft acquires popular banking product in Australia

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CIOL Bureau
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NOIDA: Birlasoft, the software company of C K Birla Group, has acquired the assets of Sydney-based Fusion Technology Group and the IP rights of Portfolio Insight, a real-time, risk-based loan pricing and active portfolio management software product for banks and financial institutions.

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Portfolio has been implemented worldwide in some of the largest banking institutions, including Wachovia, National Bank of Canada, CIBC, Commonwealth Bank, National Australia Bank, CommerzBank, Harris Nesbitt BMO Bank, etc.

Portfolio Insight helps bankers measure credit risk, risk adjusted return on capital (RARoC) and other metrics. It allows the immediate "mark-to-model" pricing of loans during their negotiation and origination stages, giving an immediate analysis of key performance indicators such as economic capital, RARoC, shareholder value and marginal risk contribution.

Loan officers, relationship managers and business development managers can also use powerful "what-if" analysis and On-line Analytical Processing (OLAP) tools to model potential deals and extensions of existing loan structures to their clients. It is built on scalable, modern, n-tier architecture, using .NET technologies.

According to the product architect, Ray Camrass, Birlasoft's strategy, in the long term, is to develop truly "ground breaking" technology for banking and finance - technology that can give business managers and portfolio managers a unique edge in their portfolio and treasury areas. "Birlasoft is breaking new ground and giving its customers a quantifiable business edge with its paradigm shifting technology. The first is Dynamic Hierarchies and Smart Calculations in the Portfolio Insight application," he added.

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