Fiserv Solution for AmBank group - Analyst Blog

By Zacks | June 25, 2012 AAA

Recently, Fiserv Inc. (FISV) announced that AmBank Group has adopted a Fiserv solution, which will help the company to help manage its asset liability risk. Established in 1975, Am Group is one of the largest banking groups in Malaysia. The solution will enable the bank to manage bank-wide liquidity analysis, asset/liability risk, interest and profit-rate analysis and banking book Value at Risk analysis. These are crucial components of effective corporate governance and enterprise risk management.

The solution will also provide the bank with increased control and accuracy for its daily interest rate risk and liquidity risk management. The solution from Fiserv can analyze risk across both retail and treasury productswhile also allowing non-product information, such as contingencies and commitments to be incorporated into its modeling capabilities. Am Group selected the solution from Fiserv as it required an integrated risk framework, which will enable it to perform valuation and sensitivity analysis and support its regulatory compliance reporting related to liquidity.

Last week, Fiserv launched E-bill Introduction, a new feature within the company's widely used CheckFreeRXP payment suite. CheckFree RXP is the company's principal electronic bill payment product, which enables users to pay and manage their bills in an organized manner.

E-bill Introduction enables users to receive electronic bills through their online banking service for an introductory period during which they also continue to receive paper bills in mail.

In order to drive increased adoption of e-bill, Fiserv is now tapping into tryvertising trend. Tryvertising enables consumers to try a new product or service before committing to purchase or use it.

E-Bill Introduction provides a 90-day introductory period to consumers, whereby they can experience receiving e-bills at their financial institution firsthand after having paid their bills electronically.

We currently have a Neutral recommendation on Fiserv. In the short run, we have a Zacks #3 Rank on the stock, which translates into a short-term rating of 'Hold'.

 
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