Fundtech releases liquidity and risk management solution
14 May 2012 New Jersey
Image: Shutterstock
Financial technology provider Fundtech has launched a global liquidity and risk management solution that will help banks with measuring, managing and using their cash and collateral.
The solution has been released in the wake of a client survey that found banks are concerned with liquidity and risk management.
The Global Liquidity and Risk Management solution will address pressures that new regulations, including Basel III, and the current economic climate put on banks and how they manage collateral, according to Fundtech.
Banks need to be more knowledgeable of their collateral positions and react much faster to changing market conditions. They need to implement new systems that take a wide view of liquidity with real-time intraday management capabilities, added Fundtech.
Fundtech’s liquidity and risk management solution is built on the Fundtech Services Platform, which is a services oriented architecture (SOA) technology that powers many of its transaction banking products and services.
The solution consolidates liquidity and collateral transactions from across a bank's global enterprise, providing real-time visibility and control. NOSTRO accounts can be closely monitored, providing information on transactions, intraday settlements, future-dated positions and reconciliation.
The rules-based design of the new solution allows it to be tailored to existing workflows, policies and preferences. It can also be deployed on a global, regional or local basis, and it can be integrated with many systems.
Gareth Lodge, who focuses on payments in his work as a senior analyst in the banking group of London-based research and consulting firm Celent, said: “The financial crisis has brought on a new era in liquidity and risk management. The need has never been greater for banks to have complete information across not just all of their channels, but across all of their business, with the ability to act in real-time.”
“We designed the new Global Liquidity & Risk Management solution with the power to aggregate and analyse the bank's enterprise-wide liquidity, and have given it the flexibility to react through both rules-driven automation and manual controls,” added Joseph Mazzetti, executive vice president at Fundtech. “We believe that banks need the capability to monitor, manage, and monetize their global liquidity more today than ever before.”
A recent Fundtech survey found that liquidity and risk management are a concern for banks.
The survey found that: poor economic conditions are the most important driver of bank liquidity management today (65 percent); and that new regulations such as Basel III will either increase costs or increase complexity (100 percent).
The solution has been released in the wake of a client survey that found banks are concerned with liquidity and risk management.
The Global Liquidity and Risk Management solution will address pressures that new regulations, including Basel III, and the current economic climate put on banks and how they manage collateral, according to Fundtech.
Banks need to be more knowledgeable of their collateral positions and react much faster to changing market conditions. They need to implement new systems that take a wide view of liquidity with real-time intraday management capabilities, added Fundtech.
Fundtech’s liquidity and risk management solution is built on the Fundtech Services Platform, which is a services oriented architecture (SOA) technology that powers many of its transaction banking products and services.
The solution consolidates liquidity and collateral transactions from across a bank's global enterprise, providing real-time visibility and control. NOSTRO accounts can be closely monitored, providing information on transactions, intraday settlements, future-dated positions and reconciliation.
The rules-based design of the new solution allows it to be tailored to existing workflows, policies and preferences. It can also be deployed on a global, regional or local basis, and it can be integrated with many systems.
Gareth Lodge, who focuses on payments in his work as a senior analyst in the banking group of London-based research and consulting firm Celent, said: “The financial crisis has brought on a new era in liquidity and risk management. The need has never been greater for banks to have complete information across not just all of their channels, but across all of their business, with the ability to act in real-time.”
“We designed the new Global Liquidity & Risk Management solution with the power to aggregate and analyse the bank's enterprise-wide liquidity, and have given it the flexibility to react through both rules-driven automation and manual controls,” added Joseph Mazzetti, executive vice president at Fundtech. “We believe that banks need the capability to monitor, manage, and monetize their global liquidity more today than ever before.”
A recent Fundtech survey found that liquidity and risk management are a concern for banks.
The survey found that: poor economic conditions are the most important driver of bank liquidity management today (65 percent); and that new regulations such as Basel III will either increase costs or increase complexity (100 percent).
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