Being released for the first time in September 2020, the report ‘NextGen ALM and Balance Sheet Management: Chasing the frontiers of tech-enabled total Balance Sheet Optimization’ profiled the top providers of ALM and Balance Sheet Management systems, presenting a global and comprehensive analysis of how financial institutions and vendors are addressing the key topic of balance sheet optimization through innovative technologies and analytics.
Prometeia has been included in the Celent study as the supplier of ERMAS, a fully integrated platform supporting Balance Sheet Risk Management, Regulatory & IFRS Compliance, Performance Management & Control, Credit Risk Analysis and Credit Decision Management.
Celent methodology is based on its proprietary ABCD Vendor View, designed to show at a glance the relative positions of each vendor in four categories: Advanced technology and analytics, Breadth of functionality, Customer base, and Depth of services.
ERMAS was acknowledged to stand out in the first category, demonstrating “a strong track record of executing a cohesive architectural vision and strong product roadmap with innovative approaches to solving existing problems, while successfully exploiting next generation technology and analytical techniques to enhance its ALM and balance sheet management offering”.
Prometeia’s solution scored high in terms of depth of service and was ackowledged for the modularity of its architecture, placing it in the industry’s potential ‘future sweet spot’.
ERMAS was also cited as a ‘Top 75% percentile category performer’ for other various Balance Sheet Management sub-domains – specifically, ALM/Interest Rate Risk, Funds Transfer Pricing (FTP), Credit Risk/Loss Accounting, Capital Planning/Management, Profitability Management – proving that its capabilities extend beyond ALM and can cover the entire balance sheet across banking.
“In the global competitive landscape, only two vendors have been included in the ‘sweet spot’ area of Balance Sheet Management providers, which identifies the solutions ready to meet the challenges of the next generation of Asset Liability Managers. Prometeia is one of these two. We are glad that our excellence in this field has been recognized by the Celent analysts”, says Andrea Partesotti, Director and Head of Enterprise Risk Management at Prometeia.
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