Press Release Summary:
Including Asset/Liability Management (A/L), Data Management (DMS), and Funds Transfer Pricing (FTP) systems, Risk v3.0 features forecasted funds transfer pricing, expanded instrument level processing (ILP) and upgraded call/put options. It offers remaining-term transfer pricing, and support for other instruments, such as interest only mortgages and annuity account type. Software improves risk management analysis by integrating FTP process into forecasting abilities of A/L.
Original Press Release:
Fiserv IPS-Sendero Unit Unveils Risk 3.0
Users to gain tighter functional integration, enhanced analytics and design Brookfield, Wis., May 30, 2008 - Fiserv, Inc. (NASDAQ: FISV) announced today that IPS-Sendero, a business unit of Fiserv and a provider of technology, education and professional services for corporate performance management (CPM) in financial institutions, has introduced version 3.0 of its Asset/Liability Management (A/L), Data Management (DMS) and Funds Transfer Pricing (FTP) systems. The enhanced risk solution set includes new features such as forecasted funds transfer pricing, expanded instrument level processing (ILP) and upgraded call/put options. "Current economic challenges, increasing regulatory scrutiny and more sophisticated data security threats are placing greater strain on the resources of financial institutions," said Mike Thompson, IPS-Sendero vice president and director of corporate performance management product development. "The 3.0 version of these products reinforces their precision and ease-of-use while helping reduce the pressure on resources by accurately, reliably and efficiently supporting organizations' strategic decision-making processes." New features and technology include an updated user interface, remaining-term transfer pricing, updated database security and the capability to support other instruments, such as interest only mortgages and annuity account type. The release of the 3.0 version of our products integrates the FTP process into the forecasting abilities of A/L, improving budgeting, planning and risk management analysis. It also introduces non-maturity, annuity and Rule of 78 instrument type into the instrument level pricing framework in A/L and DMS, providing additional flexibility and accuracy when modeling these types of accounts. An upgraded call/put feature allows call and put options to be established for additional instruments (principal and rate types) and introduces simple rate trigger criteria for call/put events. About IPS-Sendero IPS-Sendero is a business unit of Fiserv Inc. and a provider of technology, education and professional services for corporate performance management in financial institutions. Financial institutions of all types use IPS-Sendero products and services to help manage balance-sheet risk, measure and manage profitability, develop budgets and forecasts and produce information needed for sound decision-making. More than 3,400 organizations in 70 countries have licensed 8,400 IPS-Sendero products through its global offices and Atlanta headquarters. More information about IPS-Sendero is available at www.ips-sendero.com. About Fiserv, Inc. Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services 5 of 16 include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007. For more information, please visit www.fiserv.com. Fiserv Corporate Contact Lori Stafford Fiserv, Inc. Assistant Vice President, External Comm. (262) 879-5130 email@example.com For more information contact: Dennis Lindsey Vice President, Marketing IPS-Sendero 800-879-1996, ext. 200 firstname.lastname@example.org