Financial Architects (FinArch) has announced that Unicredit Group has selected its solution to meet the Spanish regulatory requirements. Unicredit will use the Financial Studio Compliance solution to facilitate submission of the Posición de no Residentes (PNR) to the Bank of Spain. FinArch says that a specific benefit of the solution to multi-national banks as Unicredit Group is that the solution is in house and allows them to interchange reporting information, as all reporting is processed on the same platform. With this single system Unicredit’s local branches will be able to generate reports that need to be submitted to the local regulator on the one hand. And on the other hand, it will facilitate their reporting on a consolidated level.
Financial Compliance comes as a standalone reporting solution, or as an integral part of Financial Studio. Financial Studio Compliance 3.0 caters for all sizes of institution and is installed in a variety of types of institution, from retail and corporate to more complex Investment, Securities and broker institutions. Financial Studio Compliance 3.0 is scalable and serves for reporting purposes in multiple jurisdictions from a single implementation complete with automated consolidation of group reporting obligations. The technical architecture of the solution is ASP ready, supporting the provision of reporting bureau services and complete ‘managed service’ reporting facilities.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more