Source: Wolters Kluwer Financial Services
Wolters Kluwer Financial Services, a provider of comprehensive risk, compliance, finance, and audit solutions and services, announced today that Astoria Bank, based in Long Island, N.Y., has implemented many of the company's leading risk and performance management solutions. These include the company's ALM, stress testing, and credit risk and financial analysis technologies.
Astoria has implemented Wolters Kluwer Financial Services' asset liability management solution, powered by Empyrean. Dedicated to user productivity and efficiency, the ALM solution provides flexibility to model unique business and risk management needs. The solution also helps meet the latest Dodd Frank Act Stress Testing, or DFAST, regulatory and reporting requirements.
Astoria Bank also recently implemented the company's CASH Suite™ credit risk management and financial analysis software. CASH Suite's powerful functionality helps streamline lending operations, while reducing credit and operational risk and enhancing long-term profitability.
In addition, Astoria utilizes the TeamMate audit management system from Wolters Kluwer Audit, Risk & Compliance.
"Wolters Kluwer Financial Services offers financial institutions the comprehensive mix of solutions, services and expertise needed to help meet their diverse and constantly changing regulatory and risk management needs," said Chris Maclin, vice president, Finance, Risk and Reporting, Americas, Wolters Kluwer Financial Services. "And as an organization, we continue to be forward-thinking in our technology investments to ensure that we offer our clients better ways to control and manage their risks and opportunities, now and in the future."