BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial
services technology solutions, announced today that Krung Thai Bank has
selected Fiserv for asset/liability, market risk, interest rate risk,
foreign exchange risk and daily bank-wide liquidity risk management.
Based in Thailand with 1,957,827 million Baht in assets (almost US $63
billion), Krung Thai Bank required an integrated solution that would
allow it to perform bank wide interest rate, foreign exchange and
liquidity management on the banking and trading books in a single
database. Additionally, the bank needed a solution that would allow it
to produce daily Bank of Thailand regulatory reports and, most
importantly, customer behavior adjusted daily liquidity reporting with
contingency planning.
"We chose Fiserv because of its local expertise, comprehensive financial
instrument coverage, strong implementation team, project management,
prompt support and deep industry knowledge," said Poonpart Sripleng,
executive vice president, Risk Management Group, Krung Thai Bank. "They
understood our needs, created a solution that addressed all of them and
then implemented the solution effectively."
"The Fiserv solution will help Krung Thai Bank execute stress testing
for all risks across the full spectrum from possible to likely to
probable," said John Filby, president, Risk and Compliance,
Fiserv. "Robust stress testing requires well-informed management,
defined risk tolerances, complemented by solutions that enable advanced
enterprise risk modelling. With our solution, we can help Krung Thai
Bank achieve a true measure of safety and soundness across their banking
and trading books."
A core competency of the company, Fiserv offers a unique breadth of Risk
and Compliance solutions to help clients optimize usage and return on
capital by making risk transparent and actionable within their
organization. Solution areas include Financial Crime Risk Management,
Financial Risk Management, Financial Performance Management and
Financial Control Solutions. Fiserv is ranked #1 in North America and #4
overall in the annual Chartis RiskTech 100TM.
Additional Resources
Krung Thai Bank - http://www.ktb.co.th/en/main/
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of
information management and electronic commerce systems for the financial
services industry, driving innovation that transforms experiences for
financial institutions and their customers. Fiserv is ranked No. 1 on
the FinTech 100 survey of top technology partners to the financial
services industry. For more information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Nixon
Senior Public Relations
Manager
Fiserv, Inc.
+1 678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Global Communications
Fiserv,
Inc.
+1 678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
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