Fundtech, a transaction banking solutions company, has launched its Global Liquidity and Risk Management solution, designed to address the changing needs of banks that have come as a result of new regulations and the demand for real-time global cash and collateral management.
The solution is built on the Fundtech Services Platform, the service oriented architecture (SOA) technology that is at the core of Fundtech’s broad line of transaction banking products and services. As a standards-based SOA service, Global Liquidity and Risk Management is a stand-alone solution that can integrate with any payments infrastructure.
Gareth Lodge, senior analyst at Celent, said: “The financial crisis has brought on a new era in liquidity and risk management. The need has never been greater for banks to have complete information across not just all of their channels, but across all of their business, with the ability to act in real-time. Fundtech’s Global Liquidity and Risk Management solution addresses these new concerns.”
A recent client survey conducted by Fundtech found that liquidity and risk management was a top concern for banks around the world. Among the most interesting finds were the following:
- Over half (58%) say that bank liquidity has become a top priority for their bank. Ninety-six percent say that bank liquidity has become a more important issue recently.
- Almost two-thirds (65%) say that poor economic conditions are the most important driver of bank liquidity management today, while 31% say that new regulations are the driver.
- All (100%) think that changes in regulations (e.g. Basel III) will either increase their bank’s costs or increase complexity; 57% say that it will do both.
- More than half (54%) say that their bank is developing the capability to obtain real-time intraday liquidity management; 21% say it is under consideration.
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