Intertec Systems sponsors
Basel II Risk Management Forum in Dubai
The event will bring together industry stakeholders involved in
Risk Management from leading Local and foreign financial institutions
Intertec Systems, a leading IT solutions provider with clients and implementations across the GCC and India, and FERNBACH, a provider of award-winning solutions for Enterprise-wide Value and Risk Management (EVRM), have announced their participation in the forthcoming Basel II Risk Management Forum for Financial Services in Dubai.
Intertec Systems and FERNBACH are the Gold sponsors of the two-day event, which will be held at Grand Habtoor Resort & Spa, Dubai from June 9-10, 2008.
Intertec Systems will showcase FlexFinance® Enterprise-wide Value and Risk Management (EVRM), FlexFinance® Accurate and Reliable IFRS Accounting and Internal Capital Adequacy Assessment Process (ICAAP) Basel II at the event.
Mr. Naresh Kothari, Managing Director, Intertec Systems, said: “It is our pleasure to be associated with a major event such as the Basel II Risk Management Forum for Financial Services. Intertec Systems has always been in the forefront of educating the region’s financial services industry on Basel II compliant systems and solutions.”
The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations about how much capital banks need to put aside to guard against the types of financial and operational risks banks face.
The FERNBACH FlexFinance® Basel II allows banks to manage risk on a company-wide basis while complying with the regulatory requirements of all three pillars of Basel II. The EVRM component helps achieve a maximum return on profit and provides banks with the means to accumulate extensive information on risk, value and revenue. The templates available with the software minimise the time for automatic data import, reducing processing times.
The FERNBACH FlexFinance® IFRS offers a straightforward solution designed to cut through the complexities and relieve the burden of IFRS compliance while ensuring an added advantage to financial institutions by reducing costs, ensuring accuracy and increasing return on investment.
FERNBACH and Intertec Systems recently announced the setting up a Basel II Competence Centre in Dubai. The competence centre provides customer training and support services for software users in the United Arab Emirates and across the Middle East.
The competence centre is hosted by Intertec experts that have been trained in FERNBACH’s FlexFinance® products and can help potential customers to become acquainted with the solutions. In an environment that simulates a ‘real’ banking set-up with front and back-office applications.
About Intertec Systems LLC
Intertec Systems is in the business of Systems Integration since 1991 and has empowered many business organizations by supporting their ICT requirements. The company has over 700 customers across Banking, Government, Large Corporate, Construction & Real Estate and SMB sectors. Intertec’s objective has always been to satisfy customers by providing world class ICT solutions with the highest return on their investments.
Intertec System employs over 200 people and has presence in the Middle East, India, Pakistan and United Kingdom. The corporation delivers solutions in Contact Centre, Asset Management, Infrastructure & Communications, IT security, Banking Risk & Compliance, ERP, Business Intelligence, Customized Application Development and Managed Services, amongst others. It has also developed and forged a powerful network of strong alliances with over 25 industry leaders in various technologies. Intertec’s off shore development centre in India complements the SI solutions it brings to market with its partners. Intertec is an ISO 9001:2000 certified company. For more information, please visit the company website at www.intertecsys.com.
