Establishing a digital treasury for a global re/insurer
Convex unlocks visibility, connectivity and control with FIS Treasury and Risk Manager – Integrity EditionAt a glance
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FIS Treasury and Risk Manager - Integrity Edition
Objective
Centralize global cash management and payment operations, and connect easily and securely to banking partners.
Results
A clear view of cash across international entities and greater control over payments.
Impact
With more accurate cash forecasts, Convex can make better informed decisions about liquidity and funding. Streamlined payment processes reduce the costs and risks of managing multiple banking relationships.
Client profile
Convex is an international re/insurance firm with operations in Bermuda, London, Luxembourg and the U.S. As a specialty insurer and reinsurer, Convex has committed to using the latest technology in both the back and front office. When the firm decided to centralize its treasury and payment processes to ensure the smooth and accurate flow of funds, it turned to FIS® for a SaaS solution.
Easy connectivity
Convex’s previous treasury management system had failed to meet the firm’s requirements for bank connectivity. FIS’ mature, proven SaaS solution’s APIs and Swift payment capabilities allow Convex to easily and securely connect to banking partners, ensuring safer, more seamless money movement.
Cash visibility
With entities around the world, Convex needed an up-to-the-minute view of its cash positions in different countries. The FIS solution delivers just that using real-time dashboards, which help the firm pool cash more effectively to fund its obligations, reduce FX risks and take advantage of higher interest rates.
Flexible technology
The user-friendly interface and configurable technology from FIS allow the insurer to quickly create and configure its own treasury reports and dashboards, and easily add new entities or business units to its view of cash – all without specialist coding skills.
Streamlined operations
The ability to connect to multiple banks within a single, centralized treasury system – and execute payments from one, inbuilt hub – keeps money in frictionless motion and increases Convex’s operational efficiency. With a full audit trail of transactions, the insurer also improves governance and control.
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