Jersey City, N.J.-based payments company Fundtech today announced the introduction of a new solution designed to address the changing needs of banks that have come as a result of new regulations and the demand for real-time global cash and collateral management.
The Global Liquidity & Risk Management solution is built on the Fundtech Services Platform, the Services Oriented Architecture (SOA) technology that makes up the core of Fundtech's broad line of transaction banking products and services. As a standards-based SOA service, the solution is a stand-alone solution that can integrate with any payments infrastructure, the company said.
According to Fundtech, the new solution consolidates liquidity and collateral-related transactions from across a bank's global enterprise, in order to provide real-time visibility and control. NOSTRO accounts can also be closely monitored, providing information on transactions, intraday settlements, future-dated positions and reconciliation.
The company said the solution can be deployed on a global, regional or local basis and can be integrated with a wide variety of systems.
"It is evident that new regulations and current economic conditions have made liquidity and risk management a top priority for banks globally," said Joseph Mazzetti, executive vice president at Fundtech. "In this environment, banks need the ability to understand their current positions with precision in real-time and be able to act immediately. We designed the new Global Liquidity & Risk Management solution with the power to aggregate and analyze the bank’s enterprise-wide liquidity and have given it the flexibility to react through both rules-driven automation and manual controls."