Fiserv Inc. (FISV) recently agreed to support interest-rate risk and liquidity risk management strategies of RHB Banking Group (RHB).
Headquartered in Kuala Lumpur, RHB has seven distinct strategic business groups and an asset base of more than $43 billion. With Malaysian economy regaining momentum, the bank emphasizes its growth plans by improving its risk infrastructure and analytics.
RHB believes that Fiserv will assist the bank in expanding its Islamic banking and global financial banking businesses and also help in complying with the new liquidity framework requirements set by Bank Negara Malaysia.
Moreover, RHB seeks to execute Fiserv’s educational seminars for internal staff with its stress on a range of topics.
The solution offered by Fiserv manages integrated and advanced liquidity risk, interest-rate risk, market risk, credit risk and economic capital, which are essential elements of effective corporate governance and enterprise risk management.
Earlier, the company’s account processing solution, Acumen, was chosen by Randolph-Brooks Federal Credit Union (RBFCU), the sixteenth-largest credit union in the U.S.
In the last four years, assets of RBFCU have increased by 64% and its membership grew by 38% to more than 350,000 diverse members in South Central Texas.
RBFCU selected Acumen as it provides advanced architecture, scalability and member-centric design, as well as the scale, support and expertise of Fiserv as key decision factors.
Acumen is the newest choice in account processing for credit unions from Fiserv, which is designed to meet the needs of the largest and most progressive credit unions.
Fiserv assists financial institutions and health plan administrators in managing their information systems, thus helping them deliver services to their customers efficiently. The company competes with Fidelity National Information Services Inc. (FIS), Accenture plc (ACN), Total System Services Inc. (TSS).
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