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Hexaware Technologies has entered into an agreement with Pemtrad International to launch Risk Technology International (RiskTech).
The company will offer a suite of technology-focused solutions for implementation and support in the areas of value-based Enterprise Risk Management (ERM) including Basel II and Pillar III based services, regulatory compliance, and treasury risk management. In addition to the above offerings, RiskTech will also provide MiFID related services.
“We have now entered the risk management space and we expect to achieve revenue of $20mn+ in the third year in RiskTech coupled with a high downstream revenue potential for Hexaware,” stated Atul Nishar, executive chairman, Hexaware Technologies.
Peyman Mestchian, CEO, RiskTech, said, “I am looking forward to furthering Hexaware’s market penetration. We have already won four customers, one of them being a Fortune 500 bank in Europe and the other being one of the largest banks in the Middle East.”
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