Case Study: Alfa-Bank achieves smarter risk management and easier compliance with Misys FusionRisk

Alfa-Bank drives smarter risk management decision-making

Alfa Bank, the biggest private bank in Russia, was growing rapidly while facing a volatile economy and pressure to comply with Basel III regulations. Its challenge was to strengthen enterprise-wide risk management and improve decision-making across many business lines, while dealing with isolated systems and complex manual processes. Misys FusionRisk was used to help bring order to its risk and compliance environment.

Misys implemented a centralized risk and compliance platform using Misys FusionRisk, connecting front-office systems and consolidating risk data into a single trusted source. The result was faster access to comprehensive risk information, better reporting and decision-making, and reduced operational risk. Alfa Bank also cut IT support costs for its investment banking division by 25% and improved its ability to stay compliant as regulations evolve.

Alfa Bank

Tatyana Kosareva

Head of IT Systems for Investment Banking and Risk Management