More NewsKrung Thai Bank Selects Fiserv for ALM and Bank-wide Liquidity Management

Krung Thai Bank Selects Fiserv for ALM and Bank-wide Liquidity Management

Krung Thai Bank has selected Fiserv for asset/liability management (ALM), market risk, interest rate risk, foreign exchange (FX) risk and daily bank-wide liquidity risk management.

Based in Thailand with Thai baht 1,957,827m in assets (almost US$63bn), Krung Thai Bank required an integrated solution that would allow it to perform bank wide interest rate, FX and liquidity management on the banking and trading books in a single database. Additionally, the bank needed a solution that would allow it to produce daily Bank of Thailand regulatory reports and, most importantly, customer behaviour adjusted daily liquidity reporting with contingency planning.

“We chose Fiserv because of its local expertise, comprehensive financial instrument coverage, strong implementation team, project management, prompt support and deep industry knowledge,” said Poonpart Sripleng, executive vice president (EVP), risk management group, Krung Thai Bank. “They understood our needs, created a solution that addressed all of them and then implemented the solution effectively.”

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