India's IDFC selects Misys Asset Liability Management

Source: Misys Banking Systems

Misys Banking Systems is pleased to announce that IDFC, one of the leading financial institutions in India providing infrastructure financing and advisory services, has selected Misys Asset Liability Management (ALM) solution to support its growing needs of interest and liquidity risk management.

IDFC's mission is to be the financier and advisor of choice for infrastructure in India. Its long-term success depends on a robust Asset Liability Management system to strengthen its balance sheet, manage the risks arising from interest rate movements and liquidity as well as help in business planning and decision-making processes.

Misys ALM will enable IDFC make accurate and reliable decisions through sophisticated statistical analysis, well managed, auditable quality data and insightful business, economic and behavioral scenario analysis.

"We are in a continuous process of building up a high class risk management system, suited to the management of sophisticated products and have found Misys to be a suitable partner in this endeavour. We hope this will be a rewarding experience for both of us." says L. K. Narayan, Executive Director – Finance, IDFC.

"We are delighted that our first Risk Management customer in India is such a prestigious organisation. We understand that high-end risk management is critical to IDFC's future. We will not only provide the bank with powerful ALM capabilities but build a long-term partnership to provide relevant sophisticated risk analytics, Basel II compliance, IAS accounting norms and Risk-Return analysis." says Michel van Leeuwen, Risk Management CEO, Misys Banking Systems.

The Misys ALM platform, built on a modular approach and common data model, can be extended to support Basel II requirements, Funds Transfer Pricing mechanism which can then act as a base for risk-adjusted performance management (RAPM) and IAS 32/39 reporting.

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