Banesco USA is a Florida state chartered commercial bank serving domestic and international clients across South Florida and Puerto Rico. The bank supports commercial, real estate, and middle market businesses and operates in a balance sheet environment shaped by growth, portfolio complexity, and interest rate sensitivity.
The Challenge
As interest rates continued to fluctuate and balance sheet complexity increased, Banesco USA needed a more efficient approach to asset liability management. Existing ALM processes were time consuming and inflexible, making it difficult to quickly run scenarios, respond to management questions, and prepare materials for ALCO and board discussions.
The team wanted an ALM solution that could deliver faster results, clearer outputs, and an easier day-to-day user experience, without adding manual work or operational burden. They also needed a solution that would give them the flexibility to move from outsourced to on-prem in the future.
The Solution
Banesco USA selected Empyrean ALM Outsourced Plus to modernize its ALM process and improve insight across the organization.
The Results
Since implementing Empyrean, Banesco USA has seen meaningful improvements in efficiency and responsiveness including:
40–60% faster ALM runs and reporting
Multiple hours saved per ALCO cycle
Rapid turnaround on ad hoc scenarios requested by management
Greater confidence in assumptions and interest rate risk results
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Get a DemoWhat Banesco USA Says
“Empyrean has made our ALM process much more efficient. We’re able to run scenarios faster, spend less time preparing for ALCO, and focus more on the conversations that matter.”
— Kenneth Schoeni, CFO Banesco USA
What Empyrean Says
“Banesco USA demonstrates how financial institutions can turn ALM into a strategic advantage. By pairing powerful technology with trusted partnership, they’ve accelerated insight and improved balance sheet decision making.”
— Chris Maclin, CEO Empyrean Solutions
Why Empyrean ALM Outsourced Plus
Empyrean handles the end-to-end modeling, from data import and processing using a Banesco-specific chart of accounts to reporting and analysis, on a clean, intuitive platform designed by ALM practitioners and supported by expert outsourcing. This combination allowed Banesco USA to streamline modeling and reporting while maintaining transparency, flexibility, and confidence in results. With less time spent on mechanics, the team can focus on higher value analysis and more productive conversations with leadership.
Key decision drivers included:
- A scalable solution that can grow with the institution’s needs
- An easy-to-use ALM platform aligned with how treasury and risk teams work
- Flexible scenario modeling and stress testing for ALCO and strategic planning
- Faster model runs and reporting compared to prior processes
- Strong implementation support and an ongoing partnership approach
- Ability to run models every other month versus quarterly