Life in the “post-meltdown” world for banks and other financial institutions continues, with help from Polaris Software.

Polaris Software Lab, a financial tech company, has launched what company officials are calling the Intellect (News - Alert) Liquidity Risk Management product for banks and financial institutions.

The tool is designed to help banks comply with BASEL III regulations. Company officials say it’s specifically intended to “improve the bank’s ability to monitor internal liquidity.”

The focus on effective management of liquidity is “ever increasing in the post meltdown world,” Polaris officials say, adding that the increased incidence of failures in the financial services marketplace “has further intensified this trend.”

So of course here come the government regulators. As a result of the latest round of financial regulation, institutions will need to make fresh technology investments to be able to monitor and manage real time internal liquidity, Polaris officials explain.

“In light of Basel III regulations, the launch of Intellect LRM is just in time. The solution is created from the best practices in global risk and treasury management assimilated over years of working with top tier banks in 80 countries,” said Polaris Software Lab Chairman and CEO Arun Jain.

In other Polaris news, the India-based company has appointed Pranav Pasricha as new global head of insurance business.

In his new role, Pasricha will lead the insurance vertical. Prior to joining Polaris, he was executive general manager of strategy, technology and operations for QBE Australia.

Polaris officials say Pasricha will bring “experience of working in various micro-verticals within the insurance domain, and has handled critical functions such as strategy, business transformation, program delivery and corporate governance.”

Arun Jain said that the company has a fantastic proposition for the insurance industry with the unique offerings – both products and services.

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