Malaysia's AmBank Group Implements Fiserv Solution to Manage Asset Liability Risk
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), 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
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.
About AmBank Group
Established in August 1975, AmBank Group is one of the largest banking
groups in Malaysia by market capitalization and comprises AMMB Holdings
Berhad and its subsidiaries AmInvestment Bank Berhad, AmInvestment Group
Berhad, AmBank (M) Berhad, AmIslamic Bank Berhad, AmG Insurance Berhad
and AmLife Insurance Berhad.
The Group provides a wide range of conventional and Islamic banking and
financial solutions, including investment banking, commercial banking,
corporate and institutional banking, retail banking as well as
underwriting of life and general insurance and takaful.
Adding greater value to this one-stop financial hub is the Group's
strategic partnership with the Australia and New Zealand Banking Group
(ANZ), one of Australia's leading financial institutions, providing the
synergy of a wide network, regional presence and international banking
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.
Senior Public Relations
Syed Anuar Syed Ali
Head, Group Corporate Affairs
+603 2036 1703
Source: Fiserv, Inc.
News Provided by Acquire Media
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