Raiffeisen Bank International AG Goes Live with SmartStream’s Corona Cash & Liquidity Solution
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
SmartStream (Corporate Head Office)
SmartStream Technologies, London
Senior Marketing Manager
Tel: +44 (0) 20 7898 0630
Media Relations Director
Tel +44 (0) 7801 590718
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
SOFTOMOTIVE22.6.2018 17:15 | pressemeddelelse
Softomotive and Accelerate RPA Partner to Help Enterprises Achieve Faster Time to Value from RPA
TX-ASCEND-PERFORMANCE22.6.2018 16:02 | pressemeddelelse
Ascend Performance Materials Announces Price Increase for Intermediate Materials
DELTICOM-AG/MOTO-TYRES.C22.6.2018 15:43 | pressemeddelelse
Different Countries, Different Customs: Get Ready for the Motorbike Holidays with Moto-tyres.co.uk
BOEHRINGER-INGELHEIM22.6.2018 14:02 | pressemeddelelse
Boehringer Ingelheim bolsters biologics research and development with 230 million euro investment in new development center
TX-VIKING-ACQUISITION22.6.2018 13:11 | pressemeddelelse
Announcement by Viking Corp on Tecnotree
TX-HEARTSCIENCES22.6.2018 13:02 | pressemeddelelse
HeartSciences Named “Start-Up to Watch”
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum