UTI Bank Reels In Credit Derivatives Tool

By Tim Clark, Wall Street & Technology

In an effort to better manage its derivatives portfolio, UTI Bank has selected the RisKompass software solution from Pyxis Systems.RisKompass enables financial services firms to manage derivative trades in a more controlled manner from the front to the back office and is capable of handling valuation and risk management of a wide range of derivatives instruments, including structured products. "We selected RisKompass due to the user friendliness offered by the system," said R.V.S. Sridhar, vice president, treasury, UTI Bank, in a release. "We hope to use the software across the bank at multiple locations."

UTI Bank services both retail and corporate banking and retains a network of more than 450 branch offices.