Learn more about ZMFS and what we are working on!
ZMFS: Predicting the Future Behavior of Non-Maturity Deposits Featured on FMStv
Many institutions struggle with predicting their balance sheet risk in changing rate and regulatory environments. From the in-depth aspect of understanding how non-maturity deposits will behave to accounting for the stressing of numerous scenarios, an asset liability model can be used to help institutions strategize and prepare for these continuously changing environments.
ZM Financial Systems is pleased to announce Peoples Bancorp Inc., ("Peoples") as its Newest OnlineALM.com Client
Peoples is a diversified financial services holding company with $3.5 billion in total assets, 76 sales offices including 67 full-service bank branches and 75 ATMs across Ohio, West Virginia and Kentucky. Peoples makes available a complete line of banking, investment, insurance and trust solutions through its subsidiaries - Peoples Bank and Peoples Insurance Agency, LLC. Peoples has been in business since 1902 and has established a heritage of financial stability, growth and community impact for more than 115 years. More information on Peoples can be found by visiting www.peoplesbancorp.com.
First Internet Bancorp Joins ZMFS
ZM Financial Systems is pleased to welcome First Internet Bancorp (NASDAQ: INBK) to our growing list of new clients. First Internet Bancorp is a bank holding company with assets of $2.4 billion as of June 30, 2017. It’s subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. First Internet Bank now provides consumer and small business deposit, consumer loan, residential mortgage, and specialty finance services nationally as well as commercial real estate loans, commercial and industrial loans and treasury management services in select geographies. Visit www.firstib.com for more information.
ZMFS Welcomes Univest
ZM Financial Systems is pleased to welcome Univest as our newest client. Univest Corporation of Pennsylvania (UVSP), including its wholly-owned subsidiary, Univest Bank and Trust Co., has approximately $4.5 billion in assets and $3.4 billion in assets under management and supervision through its Wealth Management lines of business. Univest, located in Souderton, PA, recently celebrated their 140th anniversary and provides a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations throughout the Mid-Atlantic Region. We look forward to working with Univest as they utilize our OnlineALM system for years to come.
Alabama One Switches to ZMFS
Headquartered in Tuscaloosa, AL, Alabama One is the latest institution to select ZM Financial Systems. This $600 million credit union will be migrating to the OnlineBudgeting platform to take advantage of synergies with their existing AL modeling being performed on ZM through Corporate America. Welcome!
Model Certification Validation Achieved for ZMdesk and OnlineALM.com
ZM Financial Systems (ZMFS) recently received third-party Model Certification validation for both its flagship product, ZMdesk™, and its web-based solution, OnlineALM.com™, (Versions 4.50). Certified by Velligan-Blaxall Consultants, LLC, (VBC) the full scope of the validation for both ZMdesk and OnlineALM.com includes:
- Discount Curve Construction
- Cashflow, Valuation and Income/Expense Components
- Servicing Model
- ZMUTP Prepayment Model
- Stochastic Modeling Capabilities
Welcome First Commonwealth Bank
We are pleased to welcome First Commonwealth Bank (FCB) as our newest client. With assets of $6.7 billion, FCB is headquartered in Indiana, PA and operates more than 100 community offices throughout western and central Pennsylvania and in central and northern Ohio. For more information on FCB, please visit www.fcbanking.com.
Another Credit Union Chooses ZMFS
We are pleased to welcome Teachers Credit Union as our newest ZMdesk client! Teachers Credit Union joins a growing number of community-based, state-chartered and federal credit unions to select one of the ZMFS solutions as their ALCO model of choice.
Teachers Credit Union (TCU) has grown to become Indiana's largest Credit Union with nearly $3 billion in assets and fifty-five branches throughout the state of Indiana and Southwest Michigan. TCU offers traditional financial services including checking, savings, mortgages and credit cards, as well as non-traditional services such as investment, insurance and travel services. Additional information about Teachers Credit Union is available at: www.tcunet.com.
ZMFS Welcomes New ZMdesk Clients
ZM Financial Systems welcomes NBT Bancorp Inc., and Heartland Financial USA, Inc., as our newest ZMdesk clients, joining 1,500 financial institutions who already rely on our solutions to manage their risk and profitability.
NBT Bancorp Inc. is a financial services holding company headquartered in Norwich, NY, about 65 miles south of Syracuse. The company was formed in 1986 to facilitate the management of NBT Bank, N.A. NBT Bancorp currently has two subsidiaries—NBT Bank, N.A. and NBT Financial Services, Inc. Additional information about NBT Bancorp Inc. is available at www.nbtbancorp.com.
Heartland Financial USA, Inc. is a diversified financial services holding company with assets exceeding $8 billion. The company provides banking, mortgage, private client, investment, insurance and consumer finance services to individuals and businesses. Heartland currently has 108 banking locations serving 85 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com.
ZMFS is Growing
ZM Financial Systems (ZMFS) is pleased to announce the addition of Andrea Chilczuk to our Sales team.
Andrea brings tremendous energy and enthusiasm to her role, which will be helping out with tradeshows, campaigns and many other sales activities. She will be based in Arizona. Welcome Andrea!
ZMFS Celebrates Record Growth
In 2016, the ZMFS direct client base grew by more than 17 percent! Today 1,500 institutions now rely on ZMFS results to improve their ALM, budgeting, portfolio management and regulatory stress testing/DFAST capabilities.
Our new clients include banks and credit unions ranging in assets from $250M - $22B, as well as corporate credit unions, FHLBs and broker dealers.
We’re excited to demonstrate our capabilities and forward thinking to both our existing and new clients in 2017. Contact us today and learn more about our in-house and on-line solutions. Be sure to check back frequently for news and announcements!
New Help for Credit Unions with Upcoming NEV Supervisory Test Reports
Credit Unions looking to output their risk rating under the NCUA’s forthcoming NEV Supervisory Test can do so automatically with OnlineALM.com’s latest report enhancement. Tom Bowers from ZM Financial Systems comments, “The NCUA has announced it will begin rating the level of post-shock +300bps NEV and NEV sensitivity on a scale ranging from low to extreme. We’ve added standard reporting to automatically calculate this new market risk sensitivity measure. The reporting will be nearly transparent for the hundreds of institutions who rely on us either directly or indirectly for their ALM needs.”
This new report outputs book value, modeled EV in Base and up 300, and, in two additional columns, Base and up 300 EV adjusted for a standardized 1% and 4% book value premium on non-maturity shares. ZM Financial Systems has worked in cooperation with numerous clients and industry ALM providers to incorporate new calculations into their solutions ahead of regulations being finalized. Learn more about OnlineALM today.
“Convergence Studies on Monte Carlo Methods for Pricing Mortgage-Backed Securities”
A paper co-authored by ZMFS’ co-founder Dai Zhao, PhD, CFA, has been published in the International Journal of Financial Studies. Click here to read the Abstract and download the paper.
ZMFS Among Top 10 Treasury Management Solution Providers for 2016
ZM Financial Systems was recently recognized as one of the Top 10 Treasury Management Solution Providers by Banking CIO Outlook for its expertise in providing practical solutions to complex financial problems.
The annual list showcases the Top 10 Treasury Management Solution Providers for 2016. The positioning is based on evaluation of ZM Financial Systems’ specialties in providing financial analytics tools to solve real-world problems while remaining simple and easy to use. The annual list of companies is selected by a panel of experts and members of Banking CIO Outlook’s editorial board to recognize and promote Technology entrepreneurship.
ZMdesk Clients Now More Prepared to Meet Federal LCR Reporting Requirements with Newly-Added Functionality
ZM Financial Systems’ ZMdesk clients now stand more prepared to meet new liquidity risk measurement standards with its modified Liquidity Coverage Ratio (LCR) functionality enhancement. Developed specifically to meet the requirements set forth by the U.S. banking agencies, ZMdesk’s modified LCR enhancement helps to quickly and accurately measure an institution’s stock of high-quality liquid assets relative to a shocked level of modified net cash outflows over a 30-day time frame.
ZMFS Makes Triangle Business Journal's Top 25 List of Software Developers
ZM Financial Systems (ZMFS) was recently featured in the Triangle Business Journal’s 25 Software Developers in Research Triangle Park, N.C. The list ranks software developers by the number of employees located in the Triangle. ZMFS is one of two software developers on the list providing services specifically for the financial industry.
Complete Default Modeling Valuation
Credit Risk Management, LLC (CRM) and ZM Financial Systems (ZMFS) have linked their modeling and forecasting offerings to help financial institutions better prepare for and respond to both internal and external default stress testing requirements. Through this partnership, financial professionals immediately have access to complete default modeling solutions.
ZMdesk V4.20 Receives Model Certification Validation
ZM Financial Systems (ZMFS) recently received third-party Model Certification validation for its flagship product, ZMdesk, Version 4.2. This validation is accordance with model validation procedures, outlined in OCC Bulletin 2000-16 and the OCC Guidance on Model Risk Management, 2011-12.
New Unified Total Prepayment Model
Stress real-time loan and refinance practices with ZMFS’ new unified total prepayment model enhancement, ZMUTP. Financial professionals can now better forecast loan prepayments and conduct risk assessments for cash flow and portfolio balances.
Clients Achieve Improved Utilization with ZMdesk V4.20
ZMdesk, the flagship product from ZMFS, was updated to version 4.20 to improve management of large bank data sets and full enterprise-wide risk solutions.
ZMFS Announces New Global OIS Discounting Functionality
ZM Financial Systems today announces new functionality to their financial analytic tools with the addition of Overnight Index Swap (OIS) discounting and valuation.
ZMFS Continues Growth
ZM Financial Systems, one of the fastest growing financial software companies in the U.S., continues to expand in manpower with the addition of two new staff personnel.
Simplify Your Budgeting Process with a New Application from ZMFS
ZM Financial Systems announces the release of ZM Budgeting (Beta), new software designed to simplify the budgeting process for banks and credit unions.