|A D V E R T I S E M E
Bankstar Technologies Ltd, the Hong Kong based Software
Solutions Company, with a development center and Indian
Subsidiary in Mumbai, today announced the signing of City
Union Bank Ltd as its first customer for its RTGS Liquidity
Management System (LMS) for Commercial Banks - METEOR.
METEOR is an acronym for Member Bank Transaction Exchange
Over RTGS, which enables the bank to comply with RBI's
guidelines on LMS including Liquidity Pooling, Collateral
Management and Payment Scheduling. METEOR is one of a range of
products from Bankstar Technologies created using Borland®
Anil Lalwani, managing director of Bankstar Technologies
Ltd says," City Union Bank Ltd was our first Indian customer
when they installed our File distribution System (FIDS) in
2003 and we are happy that they have reinforced their faith in
us by signing for METEOR."
He further stated that METEOR uses Borland's highly
sophisticated and well-tested products, which enables fast
development of extremely stable solutions. This has enabled
Bankstar to have a customer base of 50 customers including 6
of the world's top 100 banks and a leading BFSI conglomerate
Sridharan, General Manager, CSD of City Union Bank Ltd
expressed happiness and satisfaction on the work done by
Bankstar for the bank. He said that this was the centenary
year for the bank and they would strive to provide the most
advanced services to their customers with the help of partners
like Bankstar Technologies Ltd.
Satyen Parikh, Managing Director of Borland India Pvt.
Ltd., said "We are deeply appreciative of Bankstar's
investment in Borland Delphi for their core product set
development as well as their continued support in providing a
wide range of flexible and scalable solution sets to the
Banking vertical. We are confident that the relationship will
grow and show even greater promise."