Guava, a top-end business solution designed specifically to serve the GCC banking and finance sector, has been launched in Bahrain.

India-based Aurionpro and Australia-based CCK Financial have developed the Guava Integrated Treasury Solution for the finance industry in the Middle East.

"Guava is an integrated treasury solution and is the fruit of 20 years of specialist expertise," Aurionpro director Krishna Grover told our sister publication Gulf Daily News.

"Our vision is to provide technology solutions enriched with domain expertise enabling value migration in banking."

The launch of the product was held at the Gulf Hotel yesterday and included presentations given by Mr Grover and CCK Financial Solutions managing director Joseph Wong.

Guava is a web-based solution featuring realtime access to treasuries with full integration into other dealing systems such as Reuters and Bloomberg.

It offers a full suite package consisting of Guava Dealer for trading, Guava Risk for risk and compliance, Guava Ops for operations.

"We have integrated Islamic finance into Guava and as we do not have a sales department have chosen to partner with Aurionpro to penetrate the Middle East region," Mr Wong said.

"We have thoroughly tested the software in Malaysia and have chosen Bahrain as a launch site due to its international status."- TradeArabia News Service