Allied Irish Banks (AIB) is implementing a new system to improve analytical efficiency and provide a deeper understanding of the value and duration of consumer deposits.
The bank has selected Novantas’s PriceTek deposits platform for the task, a system which already manages more than $1 trillion in bank deposits world-wide.
Bryan O’Connor, head of deposits, investments and insurance at AIB, said: “With the deployment of the PriceTek platform we now have best-in-class deposits analytics at our fingertips to inform our decision making, provide insights into our customer deposit needs, and support our regulatory funding and liquidity obligations.
“In AIB we pride ourselves on the application of leading-edge technologies to improve our business and customer propositions, and we are confident that this partnership with Novantas will greatly enhance the management of our deposits business into the future.”
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