News

09:53 AM
Connect Directly
RSS
E-Mail
50%
50%

Societe Generale Picks Misys Almonde for ALM and FTP

The retail banking division of Societe Generale (Paris) has selected the Almonde solution from London-based Misys to reinforce its risk, margin simulation and monitoring capability.

Societe Generale 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 combined AML/FTP product will allow the bank to weigh the various risks according to their costs.

Data management in Misys Almonde and Misys ALM Portal includes control/validation, enrichment, historical storage and restitution of both imported data and results. The solution also allows for a range of financial modeling. Furthermore, the capacity to separate the functional and technical areas of operation, in order to resolve issues more easily, is one of the recognized keys to the success of implementing the solution, according to Misys.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Dec. 2, 2014
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.