TietoEnator adds a solution for intraday liquidity management to its payment solution portfolio.
ProLiquidity Bank is designed to provide banks with consolidated real time information on their current and future cash positions in multiple currencies. Fully automated sweeping and topping functionality combined with extensive parameters provide the treasurer with decision support tools to optimize his or her funding activities.
ProLiquidity Bank will be able to process real-time data from a range of internal and external sources including C&W's RTN, SWIFT's FIN and new XML Cash Reporting Messages.
The ProLiquidity Bank solution includes, but is not limited to, the following key features:
- Single system view for real time cash position in all currencies
- Fully automated functions for balance reporting and generation of sweeping and topping transactions. Manual intervention possible.
- Decision support tools – provides financial target scenarios to optimise return on cash positions and reduce cost of funding.
- Online alerts for approaching cut-offs and deadlines
- Flexible choice of views to supporting the banks' organisation
- Powerful matching engine comparing data from in-house and external feeds to ensure high quality cash positions and forecasts
- Real time update of cash exposure improving risk profile and support Basel II requirements
Mr. Jon Alvar Øyasæter, Head of Payment Solutions in TietoEnator says: "TietoEnator, an active member of SWIFT's Cash Reporting Working Group, has seen increasing demands for real-time liquidity solutions. ProLiquidity Bank is a natural extension to our market leading payment portfolio and will provide our users with an efficient and advanced tool to manage and control their intraday liquidity."