Fiserv upgrades financial risk systems

Source: Fiserv

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced the launch of enhanced versions of the company's Asset Liability Manager, Data Management System and Funds Transfer Pricing systems.

These were delivered to help create higher levels of transparency and accuracy and enable financial institutions to reduce risk and increase regulatory compliance.

"Our clients have been looking for a risk solution that is not only flexible and user-friendly, but one that also increases efficiency, accuracy and regulatory compliance," said Bryan Ridgway, assistant vice president and director of product management–financial risk, Fiserv. "This release introduces a new level of liquidity risk analysis and provides several features to ensure that our financial risk management solution remains the most comprehensive and complete interest rate risk solution available today. The new version reinforces our commitment to responding to our clients' needs by offering best-in-class technology, services and solutions."

Financial institutions of all sizes will now be able to leverage the greater transparency afforded by the latest release of Asset Liability Manager, Data Management System and Funds Transfer Pricing from Fiserv to better navigate the current volatile economic environment, comply with new and increased regulatory requirements and make informed strategic risk decisions. New features include:

• Daily Liquidity Modeling: The ability to analyze liquidity risk any day of the month allows financial institutions to make more frequent forecasts, leading to greater transparency and more accurate liquidity risk analyses.

• Loan Fees at the Instrument Level: Financial institutions can enter loan fees and expenses on a loan-by-loan basis, leading to a truer reading of projected interest income, and ensuring compliance with the FAS 91 Rule.

• Scenario Analysis Improvements: Brings a higher degree of flexibility and efficiency to scenario analysis in the risk management process. The new features let financial services organizations save build definitions for multiple scenarios, and apply them each month instead of requiring a rebuild. Bank-holding companies can apply these scenarios across their subsidiaries, reducing setup and modeling time.

• Scenario Reporting: Financial institutions can run and generate reports for up to 11 scenarios (thereby exceeding new Federal Financial Institutions Examination Council regulations), and expand the reporting timeframe from 12 to 24 months.

Technology improvements within the new versions of Asset Liability Manager, Data Management System and Funds Transfer Pricing include operating systems support for Windows 7, Windows Server 2008 R2 and 64 bit environments.

A core competency of the company, Fiserv offers a unique breadth of Risk and Compliance solutions to help clients optimize usage and return on capital by making risk transparent and actionable within their organization. Solution areas include Financial Crime Risk Management, Financial Risk Management, Financial Performance Management and Financial Control Solutions. Fiserv is ranked #8 overall in the annual Chartis RiskTech 100TM. 

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