Surya Newsletter
February 2014
Oriental Bank of Commerce (OBC) opts to implement Surya’s Funds Transfer Pricing (FTP) and Fixed Asset Management (FAM) solutions
Oriental Bank of Commerce a leading public sector bank in India, offers a full range of banking services. Bank is a long-time user of Surya’s Asset Liability Management product BALM, and now wishes to implement two other applications from Surya – Funds Transfer Pricing (FTP) and Fixed Asset Management (FAM).
Surya’s Funds Transfer Pricing (FTP) system helps banks gain insight into their profitability by analyzing Transfer Pricing at various dimensions in order to understand their true contribution to the unit’s and bank’s overall performance. In the process, it also enables top management to incentivize products and business units as required from time to time in line with corporate strategy.
Fixed Assets Management (FAM) application is a web-based system. It is parameter-driven and enables creation and maintenance of Assets Master Records at multiple levels, while allowing grouping and classification by various predefined parameters. Amongst others, it also supports several depreciation methods and maps asset transactions to user-defined General Ledger accounts.
The Laxmi Vilas Bank Limited (LVB) chooses to implement BALM
The Laxmi Vilas Bank Limited (LVB) is a commercial bank based in India with an asset size of US$ 2.8 billion. They have decided to implement Surya’s Asset & Liability Management solution, BALM, to address their need to measure and manage Liquidity Risk, Interest Rate Risk and Balance Sheet Management.
Surya’s BALM allows users to monitor risks relating to liquidity (structural and dynamic), Basel III liquidity ratios, interest rate mismatches, and FOREX positions, while its analytics allow users to generate simulations for stress testing and monitor customized ratios and generate analytics and reports.
Malawi Savings Bank, Malawi opts to implement BALM, Call Report Generator and SMERATE
Malawi Savings Bank (MSB) is a government-owned licensed commercial bank in Malawi, Africa. The bank offers a range of deposits, loans and other services to personal and commercial clients. In view of the Reserve Bank of Malawi’s increasing requirements for Malawi banks to professionalize their financial risks management, they felt the need to adopt a comprehensive Asset-Liability and Liquidity Management solution like BALM, and have leveraged it with two complementary products, Surya’s Call Report System (CRS) and credit risk assessment and assets rating solution, SMERATE.
BALM enables users to measure and manage Liquidity, Interest Rate and FOREX Risks. It has tools for balance sheet management and its analytics capability enables simulations for stress testing, monitoring of customized ratios and creation of reports.
Surya’s CALL REPORT GENERATOR addresses comprehensive Risk Reporting covering Capital, Credit, Liquidity, Market and Operations risks. It generates nearly 55 Regulatory Reports to address Reserve Bank of Malawi’s requirements, comprehensively.
MSB has opted for Surya’s SMERATE solution to address their need for an automated financial analysis and credit scoring system for Corporate and Retail borrowers. Two Scoring Models have been developed for them to analyse, assess and grade their credit, at Client and Portfolio levels in various ways.
Heritage Bank Limited, Nigeria implements BALM
Heritage Bank is a commercial bank licensed by the Central Bank of Nigeria, offering the basic range of banking services to clients. They have been looking for an established and accepted automated solution for analyzing and managing their assets and liabilities and liquidity risks in the balance sheet.
They opted to implement BALM. It is in the final stages of Implementation.
With BALM they will now be better equipped to meet their central bank’s requirements for analysis, management and periodic reporting of liquidity (structural and dynamic), Interest Rate Sensitivity for their operations, FOREX Risk, Balance Sheet Management and Scenario Analysis.
Allahabad Bank sponsored RRBs have Gone-Live with BALM
Allahabad Bank sponsored two Regional Rural Banks (RRB’s) located at Banda of Uttar Pradesh and Satna of Madhya Pradesh Go-Live with Balm
Banks will now generate ALM related Regulatory Reports and Analytics through BALM.
United Bank of India sponsored RRBs have Gone-Live with BALM
United Bank of India who are already using Surya’s Asset-Liability Management system, BALM, to their satisfaction, opted to implement this solution in 4 Regional Rural Banks (RRBs) sponsored by them located in Assam, Manipur, Tripura and West Bengal.
This has been completed successfully and BALM has gone-live with all 4 RRBs.
BALM’s analytical capabilities enable banks to manage their assets and liabilities book from the Interest Rate and Liquidity Risk perspectives, and to generate ALM related regulatory reports called for by the central bank.
FDH Bank, Malawi up-grades BALM and implements Call Report Generator and SMERATE solutions
FDH Bank is a commercial bank based in Malawi, Africa. It offers a wide range of Retail and Corporate banking services and solutions.
Having implemented Surya’s Asset-Liability Risk Management solution BALM in 2012, they have quickly opted to implement its up-graded version, BALM 3.0 which is web based and incorporates enhanced features and user interface.
The bank has decided to implement Surya’s CALL REPORT GENERATOR. This solution complements BALM by focusing on Regulatory Reports required by Reserve Bank of Malawi. These reports are related to Capital Adequacy and Risk Management, incorporating Credit, Market and Operations Risk, Liquidity Risk and Interest Rate Risk. All these will now be available to the bank in a single software application.
Earlier this year FDH Bank had decided to incorporate Surya’s SMERATE solution to address their need for an automated financial analysis and credit workflow management programme for their small and medium borrowers. This has now been implemented and has gone live. SMERATE help banks to analyse, assess and grade their credit clients and loans portfolio in various ways.
