SMARTSTREAM-TECHNOLOGIES
27.9.2016 09:04:20 CEST | Business Wire | Press release
SmartStream Technologies, the Transaction Lifecycle Management (TLM® ) specialist, today announced that Raiffeisen Bank International AG has taken a proactive approach to Basel III and implemented a cash and liquidity reporting solution – to monitor and manage cash positions on an intraday basis, throughout the group.
The Basel Committee on Banking Supervision has released ‘Principles for Sound Liquidity Risk Management and Supervision’ for intraday liquidity management with a target date of January 2017. In 2014, Raiffeisen Bank International AG decided to take a forward thinking approach to combat the impact of the regulation by implementing the Corona Cash & Liquidity reporting solution throughout the Raiffeisen Banking Group Austria. The solution was the result of a successful collaboration between SmartStream’s product development team in Vienna and the bank’s treasury domain experts.
Having a centralised view on all cash positions throughout the bank is critical for cash management, forecasting and trading needs. The solution is able to generate complete reports also incorporating, for example, central bank deposits – helping the bank allocate funds and feed into this report.
Christian Schiebl, Executive Vice President, Corona Business Unit, SmartStream, says: “Basel III highlights how data has to be ‘trusted data’ – with Corona, we have a unique advantage in supplying exactly what the regulators expect. Raiffeisen Bank International AG is the first bank in the region to take such a proactive approach in protecting themselves, as well as their customers, we are proud they have taken such steps. In addition, Corona Cash & Liquidity provides best practises for Corona customers with low effort and implementation risk. ”
Wolfgang Pollak, Senior Asset Liability Manager, Raiffeisen International Bank AG, stated: “SmartStream demonstrated that their data was accurate and supported our strategic goals. The Corona solution also provides real time data from external sources. This is clearly unique and works well for us”.
Notes to Editors
For more information about SmartStream visit: www.smartstream-stp.com
For more information please visit: www.rbinternational.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160927005138/en/
Contact:
SmartStream (Corporate Head Office)
SmartStream
Technologies, London
Nathan Gee
Senior Marketing Manager
Tel:
+44 (0) 20 7898 0630
Email: nathan.gee@smartstream-stp.com
or
Dina
Communications
Shamira Alidina
Media Relations Director
Tel
+44 (0) 7801 590718
Email: shamira@dinacomms.com
Link:
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