The Financial institution of Papua New Guinea (BPNG) has teamed up with evaluation agency FNA to create environment friendly intraday liquidity monitoring for traders.
Leveraging FNA’s tech stack, BPNG will kind a brand new Cost Oversight, Compliance & Monitoring Workplace to achieve enhanced oversight of the chance and liquidity on its RTGS cost system – a part of the Kina Automated Switch System (KATS) that features 4 business banks.
FNA will present BPNG with varied liquidity simulations and stress checks, with the financial institution’s newly-launched workplace receiving danger alerts and notifications in real-time in case a financial institution faces liquidity points.
Francis Poko, Supervisor of BPNG’s Monitoring & Analytics Unit, mentioned: “We’re very proud to work with FNA, a world chief in Suptech & community analytics, to grasp systemic danger and liquidity utilization inside BPNG’s cost system.
“The simulation and stress-testing know-how supplied by FNA has helped our crew to have a full and higher visibility of the business banks’ utilization of intraday liquidity. We look ahead to persevering with our collaboration with FNA.”
Moreover, the FNA defined that community analytics have gotten extra prevalent for central banks and monetary establishments who need to higher perceive how their monetary networks work to be able to make satisfactory coverage choices.
Kimmo Soramäki, Founder & CEO of FNA, added: “We’re thrilled to companion with the Financial institution of Papua New Guinea to boost their monitoring capabilities and strengthen their understanding of liquidity and systemic danger.
“This collaboration exemplifies the rising significance of community analytics and simulation know-how, equipping central banks and monetary establishments with priceless insights for knowledgeable coverage choices.”