BROOKFIELD, Wis.–Fiserv said it has entered into two partnerships aimed at helping financial institutions make better and faster decisions.
The company has partnered with Strategic Risk Associates, a risk and performance technology solution, and Moody’s Analytics, a provider of financial intelligence and analytical tools, with the company saying the move expands its existing data-driven offerings.
“The secret sauce of an effective decision management platform is transforming good data into information. This requires integrating systems of record like core platforms and payment systems with analytical modeling capabilities, then making that information easily accessible to financial institution decision makers,” said Danny Baker, VP-marketing strategy at Fiserv. “We’re doing the heavy lifting for our clients by partnering with providers like SRA and Moody’s Analytics to ensure the reliable, real-time source data from Fiserv core platforms, financial accounting solutions, and payments and channels solutions is available seamlessly within a strategic risk management platform and dashboarding toolkit.”
Best in Class
According to Fiserv, its approach combines best in class offerings in financial planning and analysis (FP&A), profitability, and risk management, leveraging the Prologue Financial Accounting suite from Fiserv as the cornerstone.
“Through an existing partnership with Syntellis for FP&A and profitability, and now SRA and Moody’s Analytics for governance and enterprise risk management, Fiserv is developing integrations and connections that enable clients to move from simple measurement of enterprise performance to predictive analysis that empowers financial institution decision makers,” the company said. “Importantly, these partnerships significantly simplify the ability of financial institutions to leverage secure, accurate and timely data from their systems of record.”
Fiserv said the integration of the SRA Watchtower Integrated Risk Management Platform into its portfolio of banking solutions will provide Fiserv clients with real-time actionable risk intelligence through an advanced software-as-a-service (SaaS) solution.
Integration in Place
“The biggest enabler of making good data effective and efficient is the integration from a system of record to analytic modeling, further linked to an enterprise strategic decision-making platform,” Fiserv stated. “Watchtower simplifies the entire process, measuring performance against a financial institution's stated risk appetite and strategic goals, while aggregating key performance indicators (KPIs) and key risk indicators (KRIs) to implement best-in-class strategies.”
Partnership With Moody’s
Meanwhile, the Fiserv collaboration with Moody’s Analytics builds on the risk management backgrounds and expertise of both companies. Fiserv said its clients may license Moody’s Analytics’ powerful OnlineALM solution that integrates traditional forecasting and interest rate risk with liquidity risk management, funds transfer pricing, investment management, and business reporting. Financial institutions can also layer on economic scenarios to gain insights into several possible futures.
A SaaS deployment model will allow financial institutions to streamline operations as it does not require any infrastructure investment or maintenance, Fiserv added.
For info: www.fiserv.com.
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