With a real-time and 360-degree view across payments and liquid assets, financial institutions can improve funding, further compliance, and manage cash flow and risk; capabilities that are particularly timely given the increased volume of real-time payments and today’s inflationary environment.

“There is a growing focus on liquidity optimization following the implementation of regulations and controls such as Basel III, BCBS 248, the move to instant payments, and the global migration of high value payments systems to ISO 20022,”said Dudley White, Head of Financial & Risk Management Solutions at Fiserv. “Siloed treasury and payments systems can result in inaccurate or conflicting data. With an effective liquidity management solution, financial institutions can efficiently allocate liquidity for targeted business models or compliance requests, and optimize their customer’s and their own liquidity positions, thereby enhancing competitiveness.”

The growth of instant payment schemes and the migration to ISO 20022 and faster crossborder payments are driving new cash and liquidity approaches by financial institutions, with their customers demanding tools and processes that provide real-time insights into their cash and liquidity positions. Liquidity management has progressed from being a regulation to a platform for cost optimization and innovation, as well as a center for revenue generation.

“With the move to 24/7/365 real time payments processing, increasing regulatory pressure for effective and efficient management of intraday liquidity, and the current inflationary environment, the need for real time liquidity management has never been greater,” said Ben Mathews, partner, Financial Services at consulting firm Baringa Partners LLC.

Through a new partnership with TAS Group, Fiserv offers the Aquarius liquidity management and payment flow monitoring solution that allows financial institutions to proactively monitor and manage their liquidity positions across all payment types. In combination with Enterprise Payments Platform from Fiserv, Aquarius provides a robust liquidity management and payment flow monitoring solution with unparalleled real-time visibility into end-of-day and intraday conditions across all currencies, legal entities, internal and external cash flow sources, and direct and indirect settlement relationships.

“With more than 20 installations in 6 countries and many banks using it, Aquarius is a proven and successful solution. We provide a global reach and, thanks to the integration with Enterprise Payments Platform, an easier and faster implementation for financial institutions, particularly to those facing ISO 20022 migrations for RTGS, instant or crossborder payments,“ said Mario Mendia, senior vice president at TAS Group.