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RDC Risk Management
MAXIMIZE CUSTOMER COMPLIANCE MONITORING AND SUPPORT, MINIMIZE THE TIME YOU SPEND ON COMPLIANCE, AND IMPROVE THE CUSTOMER EXPERIENCE.
Every treasury management professional understands that your treasury clients are key to your financial institution’s commercial portfolio success.
Weighing risk without overburdening customers or your treasury management team is a challenge for many financial institutions — that’s why we’re collaborating with LexAlign.
%
(JPMorgan AFP 2022 Payments Fraud and Control Report)
Treasury products and services like RDC and ACH are a modern convenience your customers expect.
LexAlign automates compliance audit and support so that risk management for treasury products and services is proactive, targeted, efficient and routine, and your staff can focus on growth, not compliance.
TREASURY CUSTOMERS ARE KEY TO YOUR COMMERCIAL PORTFOLIO SUCCESS
For faster returns on your investment, you need a bold technology partner who’ll help you take the risk out of innovation as you transform your business.
But going digital takes expertise
“I would recommend LexAlign to any financial institution looking to reduce the burden of compliance monitoring and/or improve their risk management for treasury products and services like RDC.”
WHAT YOUR PEERS SAY ABOUT LEXALIGN’S RISK MANAGEMENT FOR TREASURY SOLUTION
Receivables:
Cash Flow Ecosystem
FIS for insurance
Technology and managed services
Business services
Administration and communication
Making and taking payments
Risk management and compliance
Investment management, trading and accounting
Financial
management
Outdated and fragmented systems make it harder to handle high volumes of payments in multiple formats and minimize fraud. You must also contend with innovative new payment methods, constant cost pressures, volatility, regulatory requirements and advances in ESG, not to mention the need for cash visibility.
Financial management
Gain a better outlook for treasury finance.
Why look elsewhere for your fintech?
investment management, trading and accounting
Flexibility and control? No problem.
Risk management and compliance
Who said digitization doesn't pay off?
Making and taking payments
Whatever products you launch, you'll always hit your target market.
Administration and communication
Stay ahead without the headaches.
Technology and managed services
What's not to like?
business services
By transforming your technology to today’s digital standard, FIS can make sure you adjust
to the demands of tomorrow – giving you and your policyholders full, lasting protection.
Your insurance business, covered
Minimizing the Treasury Support Burden
Weighing Risk Without Overburdening Customers
Managing the Risk of Treasury Products and Services
0
out of 10 businesses reported actual or attempted payments fraud in 2021
,000
insurance companies around the world
Working with
of the world's largest insurers
%
including
countries
+
in
Challenge
We offer digital, cloud-based treasury management and payment hub technology and integrated solutions for financial management and accounting, reconciliation, tax processing, bank connectivity and bank account management. So, you can cover cash and risk management, debt and investment, foreign exchange, hedge accounting and more, with one partner.
solution
Drive down costs and risk, get an instant snapshot of global positions and connect easily to banks, trading partners and internal systems, including ERPs.
payout
payout
solution
Challenge
Do more than just support investment management, accounting and reporting across multiple asset classes; optimize portfolio performance and achieve compliance and control with our solutions.
We can automate and streamline your trading and investment management processes throughout the entire transaction life cycle, with best-of-breed systems for corporate actions and risk management, trading and post-trade services, securities processing, loan administration and network connectivity.
Investment portfolio management, accounting and reporting processes can be complex and time consuming. As regulations change, you need fast access to data and analytics to meet reporting requirements and make the best trading and investment decisions.
Improve risk and regulatory reporting, price more competitively and better manage your business.
payout
We give you the freedom to model and analyze complex risks in a tightly governed but high-performance environment. On top of supporting compliance with the IFRS 17 and LDTI accounting standards, we can automate a full range of regulatory processes, including statutory filing, Schedule F reporting, KYC, AML and trade surveillance. We offer extensive global regulatory, product and actuarial calculations as standard and a highly scalable end-to-end risk platform.
solution
You need both flexibility and control for effective risk management. Can you react quickly to volatile markets and model a wider range of scenarios? Can you also demonstrate control, data quality and compliance?
Challenge
Minimize the costs and complexities of reaching new markets and keep delighting your policyholders.
payout
We can help you simplify payments by centralizing and standardizing your processes. As your single digital payments partner, we offer access to modern payment platforms globally and all your gateway and acquiring services. Plus, we can help you settle more claims in near real-time and support both billing and engagement and loyalty programs. Besides providing more digital ways to pay, you can make secure instant payouts more often at the moment of need.
solution
Payments form an increasingly critical part of the insurance life cycle, with a huge impact on both cash flow and the customer experience. But when you’re processing high volumes across multiple systems, channels and new technologies, payments can also be complex. So, as money flows into and out of your company, you need to make your payment operations as simple and effective as possible.
Challenge
Lower costs and improve efficiency and service by automating the policy administration process from end to end. And get a single, consolidated, real-time view of each policyholder to better understand their needs and further drive loyalty with more consistent and intelligent communications.
payout
We can provide one powerful policy administration solution for all your life, health, wealth and retirement products; a complete, centralized solution for reinsurance management; and retirement plan recordkeeping technology that caters for any plan type. In the front office, our customer data and communication management tools will let you take full advantage of all the digital data that your back-office systems process.
solution
You need to launch products fast. But legacy systems can’t always flex to the demands of new business lines. And running multiple front- and back-office solutions is costly, inefficient and bad news for customer service.
Challenge
Economies of scale and our advanced technology mean we can take care of your operations more cost effectively and efficiently than you ever could
in-house – while giving you complete oversight of every service.
payout
Outsource as much of your back office as you need while staying in control. We can run a call center on your behalf, print and mail all your outbound documentation and manage your payments and receivables processes from end to end. Plus, we can receive your inbound mail in one of our mailroom processing centers, where we’ll scan, clean up and index all the data for further processing by your systems.
solution
With call centers to staff, documents to print and mail, data points to input and payments to process, insurance operations take a lot of work. The costs and risks soon add up. What if you didn’t have to do it all yourself?
Challenge
Get faster access to the latest versions of our solutions and the most advanced features around the clock, wherever your team is based.
payout
Digital technology is our business. As well as providing your solutions, we can host, monitor, maintain and test the applications in a secure private, public or hybrid cloud environment which we’ll design and continually optimize to meet your unique needs.
solution
Software needs constant maintenance, upgrading and testing, and providing and running your own hardware can easily overstretch capital. How do you ensure that your digital technology is firing on all cylinders – without draining your resources?
Challenge
World’s fintech player
Working with of the top global insurers
Transform your treasury and finance operation
Reduce operating costs and increase efficiency
Take digitization to the next level
Modernize and automate from front to back
Simplify premium collections and accelerate payouts
Meet your actuarial modeling, statutory and regulatory requirements
Get more from your investment portfolio
Get in touch
We never stop advancing insurance technology.
Find out how we can help advance your business as well.
Advancement all around
A better experience: dynamic and intuitive online self-assessments that incorporate best practices and regulator insights
YOUR CUSTOMERS RECEIVE
Risk ratings and actionable data on customer operational risk
YOUR FINANCIAL INSTITUTION RECEIVES
The ability to grow your customer base and increase your institution’s footprint
SAVINGS ON RISK MANAGEMENT
Our advanced solutions have won awards and analyst approval across the insurance industry and beyond.
trusted by experts
#1
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Let's talk
IFRS 17 SOLUTION
OF THE YEAR
Download the PDF version
Corrine Kison, FVP Treasury Management,
Provident Bank
getinfo@fisglobal.com
For more information, please reach out to your FIS account manager or email getinfo@fisglobal.com.
To schedule a demo, please reach out to
Contact Us
Instant access to audit reports, action plans and policies – the foundational information for sound risk management
Actionable reports that filter and group customers by audit status and relevant risk factors
Customer-specific data and aggregate trend analysis that clearly demonstrate robust risk management with minimal staff involvement
Evidentiary records that could shift the cost of loss to your customers
7 10
out of
(JPMorgan AFP 2022 Payments Fraud and Control Report)
out of 10 businesses reported actual or attempted payments fraud in 2021
%
0
The ability to grow your customer base and increase your institution’s footprint
SAVINGS ON RISK MANAGEMENT
Risk ratings and actionable data on customer operational risk
YOUR FINANCIAL INSTITUTION RECEIVES
A better experience: dynamic and intuitive online self-assessments that incorporate best practices and regulator insights
YOUR CUSTOMERS RECEIVE