KfW completes multi-year deployment of FIS Ambit Focus
German state-owned development bank KfW has completed a multi-year implementation project with FIS.
The bank chose the FIS Ambit Focus asset and liability management platform for its market and liquidity risk controlling.
According to FIS, the new solution provides the bank with a central data source for measuring, monitoring and reporting on market and liquidity risk.
Michael Schultze, first vice president and head of market price risk controlling and operational risk at KfW, says the platform has “vastly improved” things at the bank.
He adds that a new centralised risk management suite had changed the bank’s ability to manage risk and provide timely, consistent reports to management and key decision-makers.”
“KfW has taken a bold step to transform and standardize its enterprise-wide risk management function through advanced technology,” says Martin Boyd, president of capital markets solutions at FIS.
“We are confident this new platform will provide the bank with the functionality, flexibility and visibility to support its business well into the future.”
Founded in 1948 and formerly known as KfW Bankengruppe, KfW is based in Frankfurt. It is Germany’s third-largest bank by balance sheet.
KfW is majority owned by the Federal Republic of Germany, and 90% of its lending operations are conducted in its home country.