Both ICICI Infotech and Eurobase have invested significantly in developing and integrating the products, bringing to market an ''object orientated'' solution allowing a low cost of ownership that allows customer specific changes to be developed quickly and maintained as part of the core software.

Commenting on the alliance, Hari Padmanabhan, executive director, ICICI Infotech, said "ICICI Infotech''s in-depth expertise in the financial services market, coupled with a leading solution like Siena will provide the banking industry with a complete front-middle-back office STP solution." He added, "The integrated solution will allow Eurobase to offer clients'' a genuine advantage in this increasingly competitive marketplace."

John Wilson, CEO, Eurobase adds, " We chose to work with ICICI Infotech because of the rich functionality of the products and the compatible modern technology of the solution, which complements Siena''s Java architecture. This made for easy integration of the product, providing a consistent view of the data across the front, middle and back office operations.

Wilson adds, "The architecture also allows us to interface to other front office solutions where a bank deploys more than one solution. Our strong relationship with Infotech will enable us to work together on future product development to ensure our clients benefit from the application of IT to their needs".

Kastle is an integrated treasury management solution covering several key markets such as foreign exchange, money markets, equity, and their related derivative instruments. It is capable of real-time feed integration from multiple service providers for choice of instruments / currencies, and can download transactions from various dealing systems such as Dealing 3000.

Riskfree is a sophisticated risk management solutions in which transactions entered or cash flow components are used as a base to arrive at a risk measure, known in the industry as the VaR number, covering most markets, including, forex, fixed income, money, equities and derivates markets. This feature-rich risk management solution computes VaR using industry best practices, for linear positions as in ''spot deals'', or for non-linear deals such as futures and options.

Siena is functionally rich, and each user organisation can create a Siena solution to match its corporate needs and functions. Siena allows users to explore fully the impact of experimental deals on positions and exposure. The deal / transaction lists are fully user-definable with facilities to select filters in terms of counterparties, currencies, dates, deal types and other aspects of trades. Siena is highly configurable and all users can have a common view of global trading and global cash exposures.