Aleri, the leading provider of enterprise-class complex event processing (CEP) technology, today announced a major new module for its industry leading Liquidity Management System (LMS).
Aleri LMS, the first enterprise-class commercial application to leverage CEP technology, automates time-consuming, manual processes to allow institutions to focus on cost-effective liquidity strategies that reduce operational costs while enhancing their competitive position.
Aleri clients that are currently running live on LMS 4 will soon be able to benefit from LMS 5 and the new Collateral Management Module (CMM) that will provide up-to date, accurate, enterprise inventory liquidity centric views of liquid assets positions for day-to-day and crisis liquidity management purposes, and the ability to trigger actions to mobilize these liquid assets. Additionally, CMM will provide detailed stock information for use in liquidity risk reporting and stress testing scenarios.
"With the current liquidity crunch reinforcing the need for banks to implement a real-time liquidity management application to provide a clear, up to date view of the enterprise liquidity positions, we are excited about the launch of our newest LMS release," said Don DeLoach, CEO of Aleri. "LMS provides a system to provide accurate, up to date information to manage the bank's positions, mitigating risk exposures and improving the capability to react effectively to fast changing market conditions."
Many banks are managing liquidity manually on an intraday basis in the middle office, so actual positions of the bank at any given time during the day cannot be readily determined and might not be accurate. The banks using Aleri's solution are able to see exact positions down to the transaction level and across the bank as well as apply predictive analytics based on historical data. This provides banks with a fast and accurate way to determine how much liquidity they need to borrow if any, ultimately reducing the costs involved. By incorporating an innovative feature like CMM, banks can now get a real-time view of all of their liquid assets in order to be in a position to utilize those assets in th the most productive manner.
Additionally LMS 5 provides banks with a bird's eye view of what institutions are failing to make their payments, allowing banks to make real-time decisions on what to do in order to make a substantial impact. They can also track and identify behaviors that have contributed to the crisis for future reference, facilitating improvements in the bank's Liquidity Contingency processes for the future.
Separately, Aleri, the leading provider of enterprise-class complex event processing (CEP) technology, announced today that Ian Hillier-Brook has joined Aleri's growing sales team as the Channel Sales Director with a focus on increasing partners within Europe, the Middle East and Africa, and will be based in Aleri's London office.
Prior to joining Aleri, Ian was a founder and managing director of Data Stream Analysis Limited, a value added developer for Streambase. With more than 35 years of experience within the financial technology market, Ian is now changing hats and moving from value added partner to developing and managing value added partnerships for Aleri.
"Ian's impressive background and extensive experience within financial technology brings invaluable market knowledge to Aleri which will help us continue to expand our partner relationships," said Don DeLoach, Aleri's CEO. "Having worked with developing financial technologies for over 35 years, his familiarity and dedication to the industry makes him a tremendous asset to our team and we are excited to have him on board."
Ian has a strong entrepreneurial background and proven track record within the financial community. Prior to Data Stream Analysis, Ian was the founder and chief executive officer of XA Services Limited, a company that helped young American financial software and technology companies expand their footprint into Europe. Before that he was the founder and managing director of Market Information Services (MIS), a company that developed and marketed systems and consulted for the trading, risk management and operations areas of major banks, securities houses, fund managers and brokers. MIS was then acquired by MoneylineTelerate, where Ian stayed on and was involved in general EMEA strategy, management, marketing and developing strategic relationships with major clients.
"I am excited to work for a globally established company like Aleri," said Ian. "Aleri has a solid foundation that covers everything from an experienced management team to its enterprise-class CEP technology offering."