SociÃ©tÃ© GÃ©nÃ©rale chose the Misys Almonde Asset Liability Management (ALM) and Funds Transfer Pricing (FTP) solution to establish an integrated system that is able to both run simulations and report on FTP, internal margin and Risk Management.
The choice of Misys Almonde has been made after a highly rigorous selection process reviewing all the major software vendors in the ALM and FTP markets and included several weeks of functional testing on real production volumes. Only the Misys Almonde solution passed all the tests successfully both on functional and technical aspects.
Misys Almonde combined ALM and FTP simulation as well as risk monitoring. It will provide the SociÃ©tÃ© GÃ©nÃ©rale retail network with the ability to weigh the various risks according to their costs thanks to the additional use of the Misys ALM Portal.
âOur needs were to have a solution for managing state of the art Balance Sheet simulation as well as Risk and Margin monitoring,â said Antoine Alexis, Head of Profitability Analysis, Actuary and ALM at SociÃ©tÃ© GÃ©nÃ©rale. âWhen cost of funding becomes too expensive in financial markets, it is essential for the SociÃ©tÃ© GÃ©nÃ©rale Retail Banking Division to rely on a solution that will help our network to optimize our Balance Sheet management.â
âThe Misys Almonde solution is the only offering in the market that is able to cater for our existing processes for internal Risk Management and FTP monitoring. Additionally, the structure of the Misys Almonde ALM solution enables us to acquire and maintain control easily. We will be able to significantly reduce the current level of manpower dedicated to administration, which will allow us to focus on various simulations of our risks and margins,â concludes Julien Delbet, Head of ALM, Retail Banking at SociÃ©tÃ© GÃ©nÃ©rale.
âWe are delighted with this additional collaboration with SociÃ©tÃ© GÃ©nÃ©rale. The choice carried out by such a major player in the global banking environment validates the functional richness of our ALM and FTP solutions base on a robust, easy-to-implement and easy-to-use technical platform,â comments Olivier Berthier, Managing Director of Misys France.
Data management in Misys Almonde and Misys ALM Portal â including control / validation, enrichment, historical storage and restitution of both imported data and results - is thorough and complete. The solution also allows a wide and exhaustive range of financial modelling. Furthermore, the capacity to separate the functional and technical areas of operation, in order to resolve issues more easily, is one of the recognised keys to the success of implementing the solution.
âThe bankâs teams will be able to concentrate their efforts during the project phase on core activity and not on the data-processing or volume handling issues. This will allow rapid production of the required Risk Management indicators essential for monitoring the retail network despite the high volumes of several tens of millions of contracts,â confirms Olivier Berthier.