KUALA LUMPUR, Dec 18 -- EastWest Banking Corporation (EastWest) has selected Wolters Kluwer’s OneSumX for Risk Management to manage its Market Risk and Asset and Liability Management (ALM) requirements.
The Philippines-based bank will implement the solutions to work alongside other Wolters Kluwer software modules, including OneSumX for Finance, which were used for many years.
EastWest is a universal bank that provides a wide array of products and services to retail and mid-market corporate customers.
Wolters Kluwer Finance, Risk & Reporting (FRR) OneSumX Market Risk solution provides an integrated view of profit and loss and risks on balance sheet.
Based on a centralised data structure specifically designed for financial institutions, the solution offers all modern risk analytics and techniques, from basic sensitivity and gap analysis, through more advanced Value at Risk techniques and into simultaneous dynamic simulation of credit and market risk, based on Monte Carlo modeling.
The ALM component is based on Wolters Kluwer’s integrated platform, enabling balance sheet modeling, stress testing and dynamic planning.
Wolters Kluwer FRR, which is part of the company’s Governance, Risk & Compliance division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.
-- BERNAMA
-- BERNAMA
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