Variance reported added to asset and liability management software: a variance report has been added to the income simulation and asset and liability management software from FIMAC Solutions, LLC, Denver. The software is called Risk Analytics ALM Model.

• Position: New Products - Brief article

The software is designed to address the interest rate risk of financial institutions and to satisfy all the major regulatory and accounting requirements. The company uses "software as a service" (SaaS) format, meaning that the bank does not have to purchase the software, and data is processed on a central Web-based server.

The variance report feature is designed to highlight significant differences that may occur in data inputs and results as...