Ping An Bank in China Selects Fiserv for ALM, Liquidity and Interest Rate Risk Management Solution

Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that Ping An Bank has implemented the Fiserv solution for asset/liability management, liquidity management and funds transfer pricing.

With approximately RMB 1.172 billion in assets, Ping An Bank required a bank-wide daily liquidity and interest-rate risk management solution that would also handle its regulatory reporting. In addition, the bank chose to replace its in-house funds transfer pricing solution, which lacked key functionality such as forward funds transfer pricing projection and analysis.

Ping An’s selection of Fiserv was based on the combination of strong product technology as well as deep subject matter expertise. As part of the implementation plan, Fiserv presented educational courses on asset/liability management, funds transfer pricing and risk adjusted return on capital (RAROC) to the bank’s Board of Directors, senior management, managers and users.

The Fiserv solution is used to manage integrated and advanced liquidity risk, interest-rate risk, market risk, credit risk and economic capital – essential components of effective corporate governance and enterprise risk management.

"We chose Fiserv for its ALM, liquidity management and funds transfer pricing expertise - as well as its responsiveness and availability,” said Mr. Li Xu Ping, Head of the ALM department, Ping An Bank. "We were also very pleased with Fiserv’s strong implementation, integration and project management capabilities and resources.”

"The combination of our market leading technology and the educational collaboration with Ping An’s key executives enables Ping An to create a competitive earnings and corporate governance advantage in current Basel regulatory areas such as stress testing, liquidity risk management and safe capital optimization” said John Filby, president, Risk & Compliance, Fiserv.

A core competency of the company, Fiserv offers a unique breadth of Risk and Compliance solutions to help clients optimize usage and return on capital by making risk transparent and actionable within their organization. Solution areas include Financial Crime Risk Management, Financial Risk Management, Financial Performance Management and Financial Control Solutions. Fiserv is ranked #1 in North America and #4 overall in the annual Chartis RiskTech 100^TM.

About Ping An Bank

Ping An Bank is one of three key divisions of the Ping An Insurance [Group] Company of China, Ltd. (Ping An). Founded in 1988, Ping An has grown from a property and casualty insurer to one of the largest providers of diversified financial services and products in China and one of the most widely recognized companies globally for its revenue, profitability and overall business performance. Listed in Fortune magazine’s "Global Top 500,” Ping An also has been named to the Forbes "Global Listed Companies 2000” and in the Financial Times "Global 500.”

Its integrated structure enables Ping An to serve the insurance, banking and investment needs of more than 60 million retail customers. Ping An Bank is headquartered in Shenzhen, with branches in Shenzhen as well as Shanghai, Fuzhou, Quanzhou, Xiamen, Hangzhou, Guangzhou, Dongguan, Huizhou and Zhongshan.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Fiserv is ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry. For more information, visit www.fiserv.com.

(FISV-G)