Austrian reporting factory AuRep turns the tables on historic approach

The Austrian national bank (OeNB) and the regulated institutions in Austria have joined forces and use new technologies to create a new Regulatory Value Chain. The AuRep GmbH is co-owned by eight of the largest Austrian banking groups, representing 90% of the Austrian bank market and 800 banks.

BearingPoint’s ABACUS/GMP serves as technical platform for AuRep to allow cost-sharing of compliance as well as standardization of data collection.