Financial software company Finastra empowers treasury overhaul for Engie and Mobilize
Finastra, a leading provider of financial software, has announced the enhancement of its advanced treasury and risk management platform, the Finastra KTP solution, thanks to the integration with Lozenge Prism. This integration empowers finance teams with faster decision-making and deeper insights across liquidity, exposures, and financial reporting.
The Finastra KTP solution, now bolstered by Lozenge's advanced statistical modelling, offers a consolidated view of interest rate risk positions. Eric Aillet, Principal Product Manager at Finastra, highlighted this feature, stating that the combination provides a streamlined approach to monthly closings, enhances exposure monitoring, and accelerates compliance with emerging banking regulations.
One of the key benefits of the integrated solution is its ability to perform complex statistical risk calculations efficiently and flexibly for multiple scenarios. Renaud Savina, CEO of Lozenge Analytics, expressed excitement about big names like Engie and Mobilize Financial Services benefiting from their collaboration with Finastra. Savina also mentioned that the integrated solution provides real-time valuations and complex risk analytics, including automated Mark-to-Market (MTM) calculations, daily margin call capabilities, and real-time risk assessment.
The enhanced KTP platform supports scenario modelling, allowing for dynamic simulation of rate stresses, early repayments, and balance sheet forecasting. Users of the Finastra KTP solution can now calculate and monitor the interest rate sensitivity of all types of transactions, making it an invaluable tool for financial institutions.
For regulated financial institutions like Mobilize Financial Services, the platform offers an agile response to increasingly stringent compliance demands. This is evident in the adoption of the solution by other prominent institutions such as BNP Paribas and Standard Chartered, who have also integrated the Finastra KTP platform with Lozenge Prism for real-time valuations and complex risk analyses.
The adoption of the Finastra KTP solution, powered by Lozenge analytics, marks a significant step forward in the provision of next-generation tools for corporates. With its enhanced capabilities, the solution is set to revolutionise treasury management, offering a great front-to-back solution that delivers efficiency, accuracy, and insight.
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