Nedbank Capital Selects Aleri to Improve Liquidity Risk Management
Nedbank Capital has selected the Aleri Liquidity Management System (LMS) to strengthen and enhance management of the bank’s liquidity risk across the enterprise. The South African investment bank will be able to identify, measure, monitor and control liquidity risk in real time with the LMS platform, which is powered by Aleri’s complex event processing (CEP) technology. This is the first joint contract win that has resulted from the recent partnership between Wall Street Systems and Aleri.
“In light of the recent financial crisis we believe implementing a solid liquidity management system like Aleri’s will help us better control future liquidity risk,” said Dan Zulu, head of IT & projects at Nedbank Capital. “We value the partnership between Aleri and Wall Street Systems, whose Wallstreet FX solution supports our foreign exchange and money market operations. In addition, we were impressed by Aleri’s sophisticated liquidity management offering and believe this will help us move beyond the current financial crisis and evoke better risk management in the future.”