19 August 2017
Find out more

Nedbank Capital signs for Aleri liquidity management technology

11 November 2008  |  4727 views  |  0 biometrics - eye

South Africa's Nedbank has selected liquidity management technology from New York-based Aleri for its investment banking business.

The vendor says its Liquidity Management System (LMS) - based on its complex event processing technology - will enable Nedbank Capital to identify, measure, monitor and control liquidity risk in real-time.

LMS provides real-time views of both cash and liquid assets across the enterprise for current and future dates. The technology supports contingent liquidity risk processes with an up-to-date enterprise view of both cash positions and available liquid assets, says Aleri.

The vendor claims its technology is particularly valuable in the current economic crisis as banks scrutinise their risk management practices.

Dan Zulu, head, IT & projects, Nedbank Capital, says: "In light of the recent financial crisis we believe implementing a solid liquidity management system like Aleri's will help us better control future liquidity risk."

The deal is the first joint contract win for Aleri and Wall Street Systems, which became a preferred distribution partner for LMS in July. Nedbank currently utilises Wall Steet technology to support its FX and money market operations.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Wall Street Systems acquires Aleri wholesale banking unit

Wall Street Systems acquires Aleri wholesale banking unit

29 April 2008  |  5637 views  |  0 comments
Nedbank implements Gemalto authentication system

Nedbank implements Gemalto authentication system

26 February 2007  |  5342 views  |  0 comments
Dexia deploys Aleri liquidity management technology

Dexia deploys Aleri liquidity management technology

03 October 2006  |  5450 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8051 views comments | 22 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7421 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6277 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6134 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5981 views comments | 11 tweets | 9 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job