UTI Bank ties up with Pyxis Systems
September 2006, The Economic Times

MUMBAI: UTI Bank has selected RisKompass, a software solution for financial derivatives risk management, developed by Pyxis System.

An agreement has been signed between UTI Bank and Pyxis Systems, said a release issued by UTI Bank and Pyxis Systems here on Thursday.

"We selected RiskKompass due to the user friendliness offered by the system. The software also offers good portfolio management features and pricing capabilities required to meet the increasingly complex requirement of customer business," said R V S Sridhar, Vice President-Treasury, UTI Bank.

RisKompass is a state-of-the-art software system for derivatives valuation and risk management, which enables clients to manage derivative trades in a more controlled manner from the front to the back office.

Speaking on the tie up, Pyxis System founder Nandlal Bhatkar said that for the first time a comprehensive derivatives risk management solution was being provided by a local vendor.