With more than EUR 508 billion in assets, state-owned KfW is one of the world’s leading development banks. KfW had been using different systems to report and manage market and liquidity risk.

With the aim of enhancing the risk controlling processes across the enterprise, based on a system with an integrated IT architecture, the bank chose the FIS Ambit Focus asset and liability management platform for its market and liquidity risk controlling. The new FIS solution provides the bank with a central data source for measuring, monitoring and reporting on market and liquidity risk.

The new platform also provides the bank with advanced tools for assessing the market risk of its financial instruments and enhancing stress testing capabilities, as well as enabling KfW to comply with regulatory requirements including Interest Rate Risk in the Banking Book (IRRBB) and Asset Liability Management (ALM).

“With its advanced functionality, our new centralized risk management platform vastly improves our ability to manage risk and provide timely, consistent reports to management and key decision-makers,” said Michael Schulze, First Vice President and Head of Market Price Risk Controlling and Operational Risk at KfW. “Equally importantly, the new platform facilitates the implementation of evolving regulatory requirements.”

“KfW has taken a bold step to transform and standardize its enterprise-wide risk management function through advanced technology,” said Martin Boyd, president of Capital Markets Solutions at FIS. “We are confident this new platform will provide the bank with the functionality, flexibility and visibility to support its business well into the future.”