RiskTech Forum

AmBank turns to Fiserv for asset liability risk management

Posted: 25 June 2012


Fiserv, a leading global provider of financial services technology solutions, announced today that AmBank Group (The Group) has implemented a Fiserv solution to help manage its asset liability risk.

Through Fiserv, The Group will be able to manage bank-wide liquidity analysis, asset/liability risk, interest and profit-rate analysis and banking book Value at Risk analysis - essential components of effective corporate governance and enterprise risk management.

As one of Malaysia's largest banking groups, The Group needed a solution that provided increased control and accuracy for its daily interest rate risk and liquidity risk management. Additionally, The Group required an integrated risk framework to perform valuation and sensitivity analysis and to support its regulatory compliance reporting related to liquidity.

The Group chose the Fiserv solution based on its ability to analyze risk across both retail and treasury products and because non-product information, such as contingencies and commitments, are able to be incorporated into its modeling capabilities. Equally important is the Fiserv team's understanding of the banking business products, commitment and local presence and support in the region. Fiserv stands out among its competitors as it has a proven track record of implementations in Malaysia as well as other countries across Asia.

"With both active balance sheet risk management and compliance and regulatory reporting more important than ever before, we needed a solution that gave us a more detailed and scenario-based view of potential rate and liquidity risks," said Bob Moffat, Head of Capital and Balance Sheet Management at AmBank Group. "The Group went through a rigorous analysis process to review the information required for the asset liability management solution and define the appropriate models to be adopted. We now have a holistic and highly proactive approach to managing The Group's balance sheet."

"It is essential for banks worldwide to take a comprehensive integrated approach to risk management, incorporating robust liquidity management and balance sheet market risks management. Not only is this necessary for meeting regulatory requirements, but also for ensuring effective corporate governance," said Clement Ooi, managing director, Asia Pacific Operations, Risk and Compliance, Fiserv. "With the continued growth and activity in the Asia-Pacific markets, Fiserv remains focused on providing fully integrated advanced risk solutions that answer the particular needs of dynamic organizations like AmBank Group."

A core competency of the company, Risk and Compliance solutions from Fiserv offer a unique breadth of solutions to help clients optimize usage and return on capital by making risk transparent and actionable within their organizations. Solution areas include Financial Crime Risk Management, Financial Risk Management, Financial Performance Management and Financial Control Solutions.