Integrated platform for 360° reporting, risk calculation and controlling regulatory KPIs
Bank regulation continually intensifies the pressure placed on financial institutions with new requirements such as the revision of RWA (risk-weighted assets) calculation, AnaCredit, BCBS 239 and IFRS 9. Other trends include gradually replacing form-based reporting with data cubes and the ever-increasing influence of regulation upon banks’ product portfolios. Consequently, the regulatory KPIs have to be seriously considered in relation to long-term planning and management.
The expanding supervisory requirements pose a great challenge and have proven to be a cost driver for bank’s IT departments. IT infrastructure and processes have to be optimized in order to quickly and reliably facilitate the delivery of the required data in its mandated quality and granularity. Process automation and innovative solutions are required to enable financial institutions to be prepared in a cost-effective way for the upcoming functional and technical challenges in the near future. In this context, BearingPoint decided to develop the innovative and comprehensive Abacus360 platform.
The new generation of Abacus360 is a technological advancement of the Abacus platform, proven over more than 20 years, and offers standard reporting modules for many jurisdictions, modules for risk and valuation, simulations, and risk quantification. Moreover, Abacus360 provides comprehensive functional components for instance for regulatory analytics, which facilitate simulations, detailed ex-post analyses and flexible evaluations across reporting due dates. A major innovation of Abacus360 is “reporting at the push of a button.” With the new generation, regulatory processes become more transparent and efficient.Back