Derivatives benchmarking firm SuperDerivatives (SD) has confirmed IIndian private bank IndusInd Bank is to take up its derivatives pricing services.

In a statement SD said the bank would deploy its service to strengthen its ability to provide "rich and integrated services to clients, shorten the time-to-market of new products and monitor client's credit risk. Initially the deployment will include the interest rates and foreign exchange modules."

IndusInd Bank is one of the first new-generation private banks in India and one of the fastest growing in the country. It aims to offer holistic and banking and finance solutions through the utilisation of technologies.

J. Moses Harding, executive vice president and head - global markets at IndusInd Bank, said: "Our clients are looking for a more integrated approach when it comes to multiple investment products. Having the SD solution will allow us to provide even better advisory services, since one sales executive will be armed with the tools to create a broader and more bespoke product range and with world-class market knowledge.

"We also hope to improve the time-to-market of quality new products by using SD to increase the collaboration and productivity of staff across all departments in the bank - including sales structurers and traders - empowering them in their client interaction, optimising their workflow and broadening our overall product offering."