Polish Bank Gospodarki ?ywno?ciowej (BG?) BNP Paribas, has selected the Wolters Kluwer OneSumX risk management software for asset and liability management (ALM) and to manage its liquidity risk.
The bank will also use the solution to oversee its fund transfer pricing functionality.
OneSumX provides a suite of services for managing governance, finance, risk and compliance, while an integrated platform allows for balance sheet modelling and stress testing.
The liquidity risk capabilities combine a risk management and stress engine with a regulatory reporting platform, helping firms to better monitor, manage and report liquidity risk.
Bank BG? used Wolters Kluwer products before it merged with BNP Paribas last year.
Jaros?aw Rot, managing director at Bank BG? BNP Paribas, commented: “Bank BG? BNP Paribas has a leading position in Polish financial services and so we required leading technology to ensure the very best in modern risk management practices.”
He added: “We have a long-standing relationship with Wolters Kluwer and I look forward to working with the firm to implement OneSumX.”
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