Société Générale is rolling out asset liability management (ALM) and funds transfer pricing (FTP) technology from UK vendor Misys across its retail banking division.
The bank has chosen Misys Almonde ALM and FTP to establish an integrated system that is able to both run simulations and report on funds transfer pricing, internal margin and risk management.
Misys says its technology will provide Société Générale's retail network with the ability to weigh the various risks according to their costs, thanks to the additional use of its ALM Portal.
The vendor says Misys Almonde and ALM Portal provide complete data management, including control/validation, enrichment, historical storage and restitution of both imported data and results. In addition, the system allows a wide range of financial modelling.
Julien Delbet, head, ALM, retail banking, Société Générale, says: "The Misys Almonde solution is the only offering in the market that is able to cater for our existing processes for internal risk management and FTP monitoring. Additionally, the structure of the Misys Almonde ALM solution enables us to acquire and maintain control easily. We will be able to significantly reduce the current level of manpower dedicated to administration, which will allow us to focus on various simulations of our risks and margins."