KBC selects Iris for group-wide asset liability management

Source: Iris

KBC Group, a leading European bank insurer, has selected IRIS integrated risk management's riskpro for its group wide Asset and Liability Management.

This project covers all subsidiaries, first in the Euro zone and afterwards also in Central and Eastern Europe, and all risk segments, including insurance (by means of replicating portfolios).

KBC selected riskpro originally in 2001 and implemented the system for KBC Banking Belgium. For several years the system has been in productive use on a daily basis for Treasury and ALM.

Triggered by several factors such as the growth of the Group, by increased regulatory requirements, by increased needs for integration between banking and insurance ALM and economies of scale, KBC ran a very thorough software evaluation project throughout 2006. All risk systems in use within the group were screened. The evaluation covered systems from the banking, insurance and trading area. The functional decision for riskpro was taken end of 2006, the contract was signed in June 2007. Implementation has started already.

Marko Bolt, Head ALM Modeling and Architecture, commented: "A decisive factor was that we found we could reach our functional goals fastest with riskpro. We have seen that we can model quickly a very diverse set of products and generate essential reports. The group has the option to move easily into new types of analysis, e.g. for sophisticated mortgage products."

Rik Janssen, General Manager ALM, Value & Capital Management concluded: "riskpro offers a consistent view over different risk categories, activities and value and income perspectives. The deep experience of IRIS in banking ALM is a valuable asset when integrating the insurance side of the group."

Kris Luyten, Senior Consultant at IRIS AG, commented: "riskpro is the perfect tool for a growing and ambitious bank. It allows a consistent view on risk across regional and business lines. In addition it offers real cost efficiencies as the user base grows."

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