Wolters Kluwer Financial Services announced today that Fieldpoint Private, headquartered in Greenwich, CT, has selected the company’s OneSumX Asset Liability Management solution, empowered by Empyrean. The ALM solution will give Fieldpoint Private an intuitive, easy-to-use yet sophisticated ALM analytical tool that provides the essential foundation for efficient, effective and confident risk analysis and enhanced funds transfer pricing functionality.
Fieldpoint Private chose Wolters Kluwer Financial Services’ ALM solution over competing solutions to integrate the same core data it uses for both ALM and FTP purposes.
“Wolters Kluwer Financial Services’ OneSumX FTP and ALM functionality and integration will help us create operational efficiencies across multiple systems,” said Ian McMahon, chief financial officer at Fieldpoint Private. “The Empyrean tool provides a dependable platform that is functional without being overwhelming. Together with Wolters Kluwer Financial Services’ deep industry expertise and financial services focus, the alliance between the two creates an end-to-end solution for managing ALM that was best suited to our needs.”
The ALM solution is part of the OneSumX solution suite, a complementary and comprehensive ecosystem of governance, finance, risk andcompliance solutions and services that allows financial organizations to address a single risk or business issue, but in the context of much larger and more holistic analytics. An organization’s finance, risk and compliance areas can work together with a common goal of helping maintain profitability and finding additional ways to safely grow the business.