Fusion Risk will enable People’s Bank to manage various types of risk including credit, market, operational, liquidity, and interest rate. Finastra partners, local fintech FinExtra Group and IT solution developer Neoflex, are carrying out the implementation, enabling the bank to meet local and international regulatory requirements. The full functionalities of Fusion Risk are expected to be implemented as part of the transformation, including asset and liability management of the bank (ALM), transfer-pricing calculation (FTP), and automation of various international regulatory requirements, such as IFRS 9 and Basel II/III.
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