Bayerische Landesbank unlocks efficiencies and simplifies technology with FIS
At a glance
Featured product
FIS Cross-Asset Trading and Risk Platform
Objectives
- Consolidating onto a comprehensive single front-to-back modernized technology platform for cross-asset and risk capabilities including order management.
- Achieve significant cost reductions and reduce complexity by decreasing the number of systems used in the trading business.
- Gain full confidence in a reliable, scalable and future-proof trading and risk platform.
Results
The platform enables BayernLB’s money to work harder by providing real-time cross-asset trading and risk management across the front and middle office, including order management, best execution, position keeping, real-time P&L and accounting.
Impact
With Cross-Asset Trading and Risk Platform, BayernLB has:
- Reduced the total cost of ownership for its trading IT infrastructure.
- Minimized the risk of errors and inconsistencies.
- Improved the bank's ability to serve its clients effectively.
- Positioned the bank ahead of its competitors with future-proof technology.
Client profile
Bayerische Landesbank (BayernLB) is a leading commercial bank in Germany and the main bank for the Free State of Bavaria. The bank serves as the central bank for Bavarian savings banks across corporate customer business, real estate financing and private and asset management arms.
The challenge
BayernLB faced challenges in managing its technology infrastructure and the associated rising costs. Maintaining three different trading and risk platforms for dedicated asset classes — all with run and change needs — was too complex and increased risks. A significant transformation was necessary to improve the bank's ability to streamline functions and create efficiencies. BayernLB put its capital investment in FIS technology to work, breaking down silos across functions to create a unified, scalable and secure solution.
“It was important for BayernLB to work with a strategic technology partner that would serve our needs for the long term and enable our strategic growth agenda. With FIS® we felt their technology offers the best mix of serving us today and for the future,” explains Dr. Konrad Mair, Director, Project Lead, Head of IT Trading.
The solution
After a rigorous evaluation process, BayernLB selected FIS to be its main strategic partner – unlocking a cohesive financial ecosystem and insights for strategic decisions to expand operations while optimizing performance. FIS Cross-Asset Trading and Risk Platform (formerly FIS Front Arena) was chosen as the exclusive solution to meet BayernLB's needs.
The platform enables BayernLB’s money to work harder by providing real-time cross-asset trading and risk management across the front and middle office, including order management, best execution, position keeping, real-time P&L and accounting. The platform's innovative technology optimizes investment strategy, order management and position and risk management across asset classes while delivering exceptional high performance, resilience and scalability.
Additionally, the one platform approach streamlines data management and facilities collaboration and alignment between team competencies. This technology transformation positions BayernLB well ahead of its competitors in future challenges.
The results
FIS provided a highly experienced project team and strong support from its Product Management and Development divisions, ensuring the successful completion of the ambitious consolidation project — on time and on budget. The close cooperation between BayernLB and FIS was instrumental in achieving BayernLB’s goals, while best practices and standard "off-the-shelf" functionality were key in ensuring a swift and smooth implementation.
Key successes include:
- Decreased TCO: Reduced the total cost of ownership for BayernLB's trading IT infrastructure.
- Reduced operational risk: Minimized the risk of errors and inconsistencies.
- Enhanced client satisfaction: Improved the bank's ability to serve its clients effectively.
- Competitive advantage: Positioned BayernLB ahead of its competitors with future-proof technology.
Looking toward the future
BayernLB's trust in FIS as a strategic partner has ensured the bank’s ability to support future requirements. Deep expertise with trading and risk management systems, cloud and managed services demonstrates FIS is the right partner for transformation.
The trusting relationship between BayernLB and FIS and the successful FIS Cross Asset Trading and Risk Platform implementation project convinced BayernLB to introduce another FIS solution to cover its entire asset and liability management. Now and into the future, FIS is ready to help BayernLB unlock the ability to streamline workflows and simplify operations.
Citizens National Bank of Meridian
Investar Bank
Western Bank
Marketplace
Solutions
FIS SOLUTIONS
Our technology powers the global economy across the money lifecycle.
Money at rest
Unlock seamless integration and human-centric digital experiences while ensuring efficiency, stability, and compliance as your business grows.
Money in motion
Unlock liquidity and flow of funds by synchronizing transactions, payment systems, and financial networks without compromising speed or security.
Money at work
Unlock a cohesive financial ecosystem and insights for strategic decisions to expand operations while optimizing performance.