Strategic partnership agreement between IRIS AG and 4Sight Technology
08.05.2007
Zurich / Sharjah – May 8, 2007 – IRIS integrated risk management AG has signed an agreement with the software company 4Sight Technology regarding the promotion of IRIS’ riskpro™ financial analysis platform in the UAE.
riskpro™ enables financial organizations to measure and monitor risk and profitability enterprise-wide with a single cost effective integrated analysis infrastructure. riskpro™ covers ALM, market and credit risk analytics including Exposure Analysis, Value at Risk, Funds Transfer Pricing, Dynamic Simulation, Basel II, Risk-Adjusted Performance Analysis, IFRS 39, etc.
4Sight Technology is incorporated as the software branch of Alpha Data, and itself a software product developer. With its solid market presence in the Emirates, 4Sight Technology will promote riskpro™.
Andreas Jäk, Sales and Marketing Director, IRIS AG, commented: “This commercial agreement is a big step forward and towards our consolidation as a leading financial risk and profitability management solution provider in the UAE”.
About 4Sight Technology
4Sight Technology is a 100% subsidiary of Alpha Data, a reputable IT Organisation in UAE since 1981 with diversified operations in the field of IT from hardware sales to large project execution in networking and communication fields.
4Sight Technology develops and supports Admin and Financial applications for Banks and provides as well consultancy on IT structuring and on-site placements.
About IRIS integrated risk management ag
IRIS is a leading Swiss-based supplier and integrator of risk management and profitability solutions. Its riskpro™ solution covers in a modular way the newest developments in risk, liquidity, performance and profitability analysis, as well as risk-based regulatory reporting (Basel II, IFRS, etc. for banks and insurance companies). riskpro™ is used today by more than 230 organizations in 20 countries.
IRIS works with several banks in the Middle East. riskpro™ is fully compatible with Islamic law and allows analyzing among many others the following instruments: Murabahah, Ijarah, Musharakah, Mudarabahah, Salam, Istisna, and Sukuk.
For information, contact:
4Sight Technology
P3, 301, 3rd floor Al Waleed Tower, Al Khan
622564 Sharjah, United Arab Emirates
Mr. Nazeem, Director
+971 6 577 0702
IRIS integrated risk management ag
Ms. Lidia Suligoj, Sales and Marketing Coordinator
+41 44 388 5959