âIn light of the recent financial crisis we believe implementing a solid liquidity management system like Aleriâs will help us better control future liquidity risk,â said Dan Zulu, Head of IT & Projects at Nedbank Capital. âWe value the partnership between Aleri and Wall Street Systems, whose Wallstreet FX solution supports our forex and money market operations. In addition, we were impressed by Aleriâs sophisticated liquidity management offering and believe this will help us move beyond the current financial crisis and evoke better risk management in the future.â
Aleri LMS, the first ever enterprise-class commercial application deployed leveraging complex event processing technology (CEP), is a unique platform that provides real-time views of both cash and liquid assets across the enterprise for current and future dates. The technology supports contingent liquidity risk processes with an up-to-date enterprise view of both cash positions and available liquid assets. Without a solution like LMS, banks often manage short term forecasting processes from partial, sometimes balance sheet based, information which has major limitations.
âWe are delighted to have Nedbank Capital as our first customer resulting from our partnership with Wall Street Systems, set in June this year, proving the effectiveness of the distribution modelâ said HervÃ© LefÃ¨vre, sales director at Aleri. âFor Nedbank Capital, as with other LMS clients, having an integrated platform satisfying the requirements of the liquidity desk as well as liquidity risk management team, in addition to cash management, was a very powerful and compelling proposition.â
As worldwide banksâ risk management practices are being scrutinized for being one of the key factors leading to the current economic crisis, more and more banks are looking to Aleriâs LMS technology to help them manage their future risk. With LMS, banks can achieve a holistic view of their payment systems and can:
â¢ Decrease funding risk and operational costs by automating manual process of consolidating/reconciling liquidity information and as a result enabling banks to more efficiently identify liquidity issues and ways to address them.
â¢ Dramatically increase forecasting accuracy to minimize funding costs and risks by gaining real-time, complete and predictive visibility of liquidity positions in all currencies and across all business units.
â¢ Enable more informed cross entity and asset class funding decisions.
â¢ Support operational liquidity risk measurement and control in real-time, as well as flexible stress testing modeling.
â¢ Continuously optimize liquidity strategies and contingency planning through trending and behavior analysis.
â¢ Enable internal and external liquidity charging based upon measured utilization and compliance to SLAâs.