Neoflex and Alfa-Bank have completed the project on automation of mandatory liquidity coverage ratio calculation of the Alfa Bank Group according to Basel III.

The Alfa Bank Group is the largest Russian private bank in terms of aggregate capital, credit portfolio, and customer deposits. Alfa-Bank is also on the list of systemically important credit organizations and has to comply with the Liquidity Coverage Ratio (LCR). Since January 1, 2018 the list of mandatory standards was updated with the Structural Liquidity Ratio (net stable funding rate, NSFR). These standards are introduced by the Central Bank of the Russian Federation based on Basel III – recommendations of the Basel Committee on banking supervision.

“Automation of ratio calculation is a part of Alfa-Bank’s digital transformation which affects both external client services and internal processes. The project is implemented based on the risk assessment system Finastra Fusion Risk – one of the best in the market. Now the bank has the opportunity to efficiently control values of LCR and NSFR and generate regular reports”, emphasized the head of the Alfa-Bank liquidity control administration Valery Liseykin.

As a part of the project, Finastra Fusion Risk system was integrated with the internal bank data storage as well as with financial instruments of the Interfax information service.

“The main challenge in implementing the project was the large amount of data. The system has been optimized for performance by taking into account the huge financial instrument portfolio of Alfa-Bank. Thanks to theclose teamwork of the project team, we have succeeded in completing the work as scheduled”, said the Neoflex partner Anton Sparinapti.

Previously in 2017, Neoflex specialists had developed business requirements for automation of LCR and NSFR calculation as well as integrated Finastra Fusion Risk system into the information service of Interfax CJSC to ensure that the bank obtained data on the high-liquidity assets levels. Based on the positive cooperation, Alfa-Bank chose Neoflex as IT provider for the project of liquidity ratio calculation automation.

“Successful implementation of the project against the background of changing requirements due to amendments by the Central Bank of the Russian Federation has proved the professionalism of the Neoflex team”, noted Valery Liseykin.


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