To manage risk and meet new regulatory demands placed on its funding asset and liability management functions
Aleri, a Chicago-based provider of enterprise-class complex event processing (CEP) technology and CEP-based solutions, has announced that an European bank has selected its Liquidity Management System (LMS) including the new Liquidity Risk Manager (LRM) along with Cash Flow Manager and the Collateral Management Module.
Reportedly, by implementing the Aleri LMS, the bank will be able to bridge the needs of its Asset & Liability Management (ALM) and treasury funding functions. It will provide the bank with a single solution that will deliver an enterprise-wide view of its liquidity risk exposure, improving management’s capabilities in managing and minimising liquidity risk and enabling the bank to meet new board and regulatory demands.
According to the company, LMS will be used to consolidate data from various payment systems and other source systems throughout the bank. The Cash Flow Manager and Collateral Management applications will provide the bank’s funding desk with real-time, complete and granular information on the bank’s contractual cash ladder and collateral resources, enabling it to optimise the usage of collateral resources, and supporting contingency funding plans. The LRM is expected to provide the bank with flexible management, reporting and a stress testing environment that will enable it to model stress events and gain insight into how different scenarios impact the bank’s liquidity exposure and assets value.
Don DeLoach, CEO of Aleri, said: “By deploying Aleri’s Liquidity Management System, the bank will be able to have much more timely, complete and detailed insight into and control over their expected cash flows. Aleri’s Liquidity Management suite of provide a holistic, enterprise approach to the management of liquidity, satisfying the needs of treasury, ALM, finance, compliance and risk.”