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SVB goes first, more banks likely to fail despite intervention, says Investor Bill Ackman
Following the collapse of the California-based Silicon Valley Bank (SVB) on March 10, Bill Ackman, CEO of Pershing Square Capital Management, has sought a bailout package for the commercial lender from the US government.
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BALANCE SHEET OF THE FUTURE - RISK DATA ANALYTICS
An event sponsored by Surya Software Systems. Block your seat today...
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JPMorgan Chase to launch a new digital bank in the UK
In March 2023, JPMorgan Chase announced that it will launch a new digital bank in the UK later this year. The bank aims to attract younger customers who prefer to do their banking online.
Surya's Gallery
A glimpse into Surya's remarkable journey of growth, intertwined with the enthusiasm and camaraderie of employee engagement, teamwork, celebrated through meaningful moments of connection.
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Welcome to our media page! Here you will find the latest news, updates, and information about our company. We are committed to keeping you informed about our products, services, and achievements.
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JPMorgan Chase to launch
JPMorgan Chase to launch a new digital bank in the UK: In March 2023, JPMorgan Chase announced that it will launch a new digital bank in the UK later this year. The bank aims to attract younger customers who prefer to do their banking online.
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Wells Fargo settles lawsuit for $250 million over fake accounts scandal:
In February 2023, Wells Fargo agreed to pay $250 million to settle a lawsuit brought by shareholders over the bank's fake accounts scandal. The settlement is the largest of its kind for a shareholder lawsuit against a bank.
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Deutsche Bank to cut 18,000 jobs and exit some businesses:
In January 2023, Deutsche Bank announced plans to cut 18,000 jobs and exit certain businesses as part of a major restructuring effort. The bank aims to focus on its core businesses and improve profitability.
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Citigroup to launch a new cryptocurrency trading desk:
In December 2022, Citigroup announced plans to launch a new cryptocurrency trading desk, allowing clients to buy and sell digital assets. The move comes as more traditional banks look to enter the growing cryptocurrency market.
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Bank of America reports strong fourth-quarter earnings:
In January 2023, Bank of America reported strong fourth-quarter earnings, beating analysts' expectations. The bank cited growth in its consumer and wealth management businesses as key drivers of its performance.
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JPMorgan Chase to launch
JPMorgan Chase to launch a new digital bank in the UK: In March 2023, JPMorgan Chase announced that it will launch a new digital bank in the UK later this year. The bank aims to attract younger customers who prefer to do their banking online.
thumbnail_Screenshot_2022_03_28_at_4_12_13_AM_e8db8ba5c7.png
Wells Fargo settles lawsuit for $250 million over fake accounts scandal:
In February 2023, Wells Fargo agreed to pay $250 million to settle a lawsuit brought by shareholders over the bank's fake accounts scandal. The settlement is the largest of its kind for a shareholder lawsuit against a bank.
240_F_263104177_KhZt4iJWOL9sPsEaRdO6wV72AWd8ajJl.jpg
Deutsche Bank to cut 18,000 jobs and exit some businesses:
In January 2023, Deutsche Bank announced plans to cut 18,000 jobs and exit certain businesses as part of a major restructuring effort. The bank aims to focus on its core businesses and improve profitability.
240_F_365356992_GG8EBLdUTsIcXgZHu0H3oRDKMKJ6PjxV.jpg
Citigroup to launch a new cryptocurrency trading desk:
In December 2022, Citigroup announced plans to launch a new cryptocurrency trading desk, allowing clients to buy and sell digital assets. The move comes as more traditional banks look to enter the growing cryptocurrency market.
240_F_234601735_TlC3PGda2mYiYBxPgVYSFvCvq55m8yiR.jpg
Bank of America reports strong fourth-quarter earnings:
In January 2023, Bank of America reported strong fourth-quarter earnings, beating analysts' expectations. The bank cited growth in its consumer and wealth management businesses as key drivers of its performance.
What People say?
“Indo Zambia Bank is proud to mention that we are the first Bank in Zambia, to have implemented ALM to manage our balance sheets with the help of Surya’s BALM tool. The entire product cycle from sale to customization, development and Implementation was done within 6 months to take care of our immediate needs. Along with their BALM product, we went ahead to use other reporting products like FTP, Prudential, RCSA, Register incident, BASEL II etc due to their stupendous tech and efficiency of their tools. The team from Surya has been accommodative and reactive to our changes and went along with us to deploy solutions in a time-bound manner.”
Harikrishna Bommareddy
CFO
At NBS Bank we decided to engage the services of Surya Software Systems for their Bank Balance Sheet/Assets and Liabilities management system and we are happy to share that it was a great decision. We utilize their solution to assist us on optimizing balance sheet strategies with the enhancement of information as their system produces versatile and timely reports suitable for our departmental needs. Having this system enables us to focus on strategic and regulatory balance sheet management knowing that all the assets and liabilities management reports are automated and accessible through their application.
Our experience in working with Surya has been very positive and we would highly recommend them as they are able to accommodate all client needs without compromising their service standards.
Neema Kitta Mojoo
Manager – Asset & Liability Management
In 2014, Doha Bank decided to move to a structured ALM solution and decided to implement Surya BALM. In addition, it was decided to procure a FTP system to meet the profitability measurement requirements. These systems were implemented successfully within in a short span of time in Qatar, Kuwait & UAE. A consolidator that aggregates ALM positions at the head office has also been implemented.
Surya has helped to significantly reduce the end of day processing time to under 45 minutes. Besides the central bank reporting, BALM has helped the bank produce Basel III liquidity reports. We are happy to have partnered with Surya, support from them has been reassuring.
Gaurav Dhingra
Head of Financial Risk
I have been working with Surya Software for 15 years. There were several projects for various companies as different as Street lighting control systems or Watch Retail. The capacity of Surya to understand properly the issues related to specific businesses, to answer quickly to complex proposals, and to deliver on time appropriate developments, have given satisfactory and confidence to the end-users vis-à-vis Surya.
Henri MABILLE
CIO
Surya-soft’s BALM software provides Axis Bank with a Bank-wide asset liability management system capable of handling granular ALM data for both its domestic as well as overseas operations on a daily basis as well as consolidate liquidity positions using BALM consolidator. It offers the Bank an enhanced platform to meet its liquidity and interest rate risk monitoring and analytics requirements in addition to meeting regulatory and internal reporting needs
Pravat Dash
SVP & Head (Market Risk)
“Indo Zambia Bank is proud to mention that we are the first Bank in Zambia, to have implemented ALM to manage our balance sheets with the help of Surya’s BALM tool. The entire product cycle from sale to customization, development and Implementation was done within 6 months to take care of our immediate needs. Along with their BALM product, we went ahead to use other reporting products like FTP, Prudential, RCSA, Register incident, BASEL II etc due to their stupendous tech and efficiency of their tools. The team from Surya has been accommodative and reactive to our changes and went along with us to deploy solutions in a time-bound manner.”
Harikrishna Bommareddy
CFO
At NBS Bank we decided to engage the services of Surya Software Systems for their Bank Balance Sheet/Assets and Liabilities management system and we are happy to share that it was a great decision. We utilize their solution to assist us on optimizing balance sheet strategies with the enhancement of information as their system produces versatile and timely reports suitable for our departmental needs. Having this system enables us to focus on strategic and regulatory balance sheet management knowing that all the assets and liabilities management reports are automated and accessible through their application.
Our experience in working with Surya has been very positive and we would highly recommend them as they are able to accommodate all client needs without compromising their service standards.
Neema Kitta Mojoo
Manager – Asset & Liability Management
In 2014, Doha Bank decided to move to a structured ALM solution and decided to implement Surya BALM. In addition, it was decided to procure a FTP system to meet the profitability measurement requirements. These systems were implemented successfully within in a short span of time in Qatar, Kuwait & UAE. A consolidator that aggregates ALM positions at the head office has also been implemented.
Surya has helped to significantly reduce the end of day processing time to under 45 minutes. Besides the central bank reporting, BALM has helped the bank produce Basel III liquidity reports. We are happy to have partnered with Surya, support from them has been reassuring.
Gaurav Dhingra
Head of Financial Risk
I have been working with Surya Software for 15 years. There were several projects for various companies as different as Street lighting control systems or Watch Retail. The capacity of Surya to understand properly the issues related to specific businesses, to answer quickly to complex proposals, and to deliver on time appropriate developments, have given satisfactory and confidence to the end-users vis-à-vis Surya.
Henri MABILLE
CIO
Surya-soft’s BALM software provides Axis Bank with a Bank-wide asset liability management system capable of handling granular ALM data for both its domestic as well as overseas operations on a daily basis as well as consolidate liquidity positions using BALM consolidator. It offers the Bank an enhanced platform to meet its liquidity and interest rate risk monitoring and analytics requirements in addition to meeting regulatory and internal reporting needs
Pravat Dash
SVP & Head (Market Risk)
“Indo Zambia Bank is proud to mention that we are the first Bank in Zambia, to have implemented ALM to manage our balance sheets with the help of Surya’s BALM tool. The entire product cycle from sale to customization, development and Implementation was done within 6 months to take care of our immediate needs. Along with their BALM product, we went ahead to use other reporting products like FTP, Prudential, RCSA, Register incident, BASEL II etc due to their stupendous tech and efficiency of their tools. The team from Surya has been accommodative and reactive to our changes and went along with us to deploy solutions in a time-bound manner.”
Harikrishna Bommareddy
CFO
At NBS Bank we decided to engage the services of Surya Software Systems for their Bank Balance Sheet/Assets and Liabilities management system and we are happy to share that it was a great decision. We utilize their solution to assist us on optimizing balance sheet strategies with the enhancement of information as their system produces versatile and timely reports suitable for our departmental needs. Having this system enables us to focus on strategic and regulatory balance sheet management knowing that all the assets and liabilities management reports are automated and accessible through their application.
Our experience in working with Surya has been very positive and we would highly recommend them as they are able to accommodate all client needs without compromising their service standards.
Neema Kitta Mojoo
Manager – Asset & Liability Management
In 2014, Doha Bank decided to move to a structured ALM solution and decided to implement Surya BALM. In addition, it was decided to procure a FTP system to meet the profitability measurement requirements. These systems were implemented successfully within in a short span of time in Qatar, Kuwait & UAE. A consolidator that aggregates ALM positions at the head office has also been implemented.
Surya has helped to significantly reduce the end of day processing time to under 45 minutes. Besides the central bank reporting, BALM has helped the bank produce Basel III liquidity reports. We are happy to have partnered with Surya, support from them has been reassuring.
Gaurav Dhingra
Head of Financial Risk
I have been working with Surya Software for 15 years. There were several projects for various companies as different as Street lighting control systems or Watch Retail. The capacity of Surya to understand properly the issues related to specific businesses, to answer quickly to complex proposals, and to deliver on time appropriate developments, have given satisfactory and confidence to the end-users vis-à-vis Surya.
Henri MABILLE
CIO
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