Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), announced the launch of the Finacle Asset Liability Management Solution – a liquidity and interest rate risk management solution that provides banks with an “enterprise-wide view of all on-and-off balance sheet exposures.”
The solution reportedly enables banking institutions to identify gaps, assess impact on net interest margin and liquidity, and “take corrective actions, to better manage their funding and liquidity decisions.”
The Finacle Asset Liability Management Solution allows monitoring of a broad range of liquidity and interest rate risk metrics and deliver “an aggregated view of such risks across entities, geographies, and currencies.”
This helps banks make informed decisions regarding funding and liquidity strategies, “optimize asset allocation, and effectively manage risk and compliance.”
The solution has data analytics and AI-infused capabilities to address asset liability management (ALM) objectives, along with a “cashflow engine to generate forecasts for contractual and behavioral cash flows.”
It will enable banks in strategic management decisions, “including balance sheet planning, liability mix optimization, asset/liability pricing, and funding concentration regulation.”
It has stress testing and scenario modeling functionalities that allow banks to simulate and optimize “key liquidity and interest rate risk drivers, to better respond to market shocks.”
The solution integrates reporting infrastructure with a “range of on-demand and pre-configured Basel norms-based reports for enhanced compliance management.”
Sajit Vijayakumar, Chief Business Officer and Global Head, Infosys Finacle, said:
“With Finacle Asset Liability Management, we are equipping banks to navigate the global economic uncertainty and the complexities of liquidity and interest rate risk with unprecedented clarity and precision. Our solution offers a holistic view of exposures while providing financial institutions with intelligent capabilities and tools to manage risks effectively, streamline reporting, and enhance their risk modelling capabilities.”
Mohammad Muzaffar Wani, DGM – IT and BPR, Jammu and Kashmir Bank, said:
“This strategic initiative empowers us to enhance our liquidity and interest rate risk management capabilities, while also improving our modeling sophistication to better adapt to changing market dynamics. The solution will streamline our ALM operations, offer valuable insights and enable informed decision-making in managing our assets and liabilities.”
As noted in the update, Finacle is an industry participant focused on digital banking solutions.
They are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys.
They partner with emerging and established FIs to “help inspire better banking.”
Their cloud-native solution suite and SaaS services help banks “engage, innovate, operate, and transform better to scale digital transformation with confidence.”
Finacle solutions address the “core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions.”
Today, banks in 100+ countries reportedly rely on Finacle to help people and businesses to “save, pay, borrow, and invest better.”
