BROOKFIELD, Wis.--(BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Badan Sertifikasi Manajemen Risiko (BSMR) has again selected Fiserv as its partner to develop and present a series of educational financial risk management workshops in Indonesia throughout 2012. The BSMR was established by Indonesia's central banking authority, Bank Indonesia, and is the entity responsible for creating and administering standardized risk management education and certification for the country's banking managers and officers. This is the second consecutive year that BSMR has chosen Fiserv and its risk management experts to help develop and deliver educational courses for bankers across Indonesia.

"Our selection of Fiserv as an educational partner was based on the deep subject matter expertise of its resources," said Dr. Ir. Gandung Troy S., general manager, BSMR. "In addition, we preferred a partner with long-standing ties to the Asia markets and a strong grasp of the particular business climate and conditions within this region. We feel confident that Fiserv is the right choice."

Fiserv and BSMR expect to co-present four educational workshops this year. Two workshops will focus on best-practice asset/liability management processes and liquidity management, and two will focus on funds transfer pricing and capital assignment/risk-adjusted return on capital. These workshops will provide practical guidance for bankers as well as risk management professionals in other financial sectors.

In 2011, Fiserv and BSMR delivered an educational program in Jakarta focused on funds transfer pricing, Risk Adjusted Return on Capital (RAROC) and optimal loan and deposit pricing, and then followed with a liquidity risk-focused program in Bali. Approximately 70 banking and risk management professionals attended each highly rated workshop, and those holding risk management certificates earned credits toward their yearly requirements to maintain risk certification validity.

"Financial services institutions worldwide must proactively address the more stringent standards in Basel III for liquidity, levels of capital and quality of capital," said Orlando Hanselman, education programs director, Fiserv. "Basel III reinforces the stress-testing imperative for risk identification and determination of capital adequacy. Today, only comprehensively stress tested capital for all risks, across the full probability spectrum, including situations of potential ‘business model invalidity,' is the true determinant of a financial institution's safety and soundness. We are pleased to continue our successful educational collaboration with BSMR and the Indonesian banking community to ensure appropriate preparedness to meet these standards in all financial institutions."

About BSMR

The BSMR was established on August 8, 2005, as a follow-up of Bank Indonesia Regulation Number 11/19/PBI/2009 on Certification of Risk Management for Managers and Officers of Commercial Banks. To ensure consistency with other industry-leading financial education offerings, BMSR cooperates with the Global Association of Risk Professionals (GARP) in its preparation of syllabi, workbooks, materials and its risk management certification procedures. More information about BSMR can be found at http://w.bsmr.org/.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry. Fiserv is driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For six of the past eight years, Fiserv ranked No. 1 on the FinTech 100, an annual international listing of the top technology providers to the financial services industry. For more information, visit www.fiserv.com.

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Media Relations:
Julie Nixon
Senior Public Relations Manager
Fiserv, Inc.
+1 678-375-3744
julie.nixon@fiserv.com
or
Additional Contact:
Wade Coleman
Director, Public Relations
Fiserv, Inc.
+1 678-375-1210
wade.coleman@fiserv.com

Source: Fiserv, Inc.

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