A DataPool Based on Basel III for Retail and Corporate Banking
A bank operating in the DACH and CEE markets needed to implement a new DataPool to automate and consolidate banking and accounting data, while providing comprehensive, fully auditable information and statutory reporting for Basel. It would also be extremely useful if the same system could be used for internal reporting too. Learn how Simplity helped this bank achieve all these goals.
Challenge
Enable regulatory and internal reporting
Implementation of a DataPool solution
This banking client launched an Austrian corporate business division in 2013 to serve corporate clients with a business focus on central and eastern European (CEE) markets. The following year they also launched a German online retail bank. The initial, primary task was to implement a centralized repository of data (DataPool), in Austria, within six months, as a greenfield project to provide data for regulatory and internal reporting.
A bank operating in the DACH and CEE markets needed a DataPool, in production, within six months to provide data for regulatory and internal reporting.Objective
Robust DataPool
Construction of a robust and operating DataPool based on a Basel III Business Data Model (BDM). The database was to be Oracle using Informatica’s ETL and SSRS as a reporting layer.
Solution
DataPool covering retail and corporate banking
Within the target six months planned for the project, Simplity successfully implemented the DataPool based on the Basel III BDM, and this system covered both retail and corporate banking.
The DataPool project was part of the bank's entry into the Austrian market. It was a greenfield implementation, including the necessary IT infrastructure and processes.
The solution supported regulatory reporting as well as reporting to the parent company. In addition, the Simplity solution handled the distribution of documents for Basel III reports.
The DataPool also provided data for the bank's asset and liability management (ALM), risk, International Financial Reporting Standards (IFRS), and controlling systems.
In 2014, the German online retail bank data was also interfaced to the DataPool, enabling consolidated data from Austria and Germany and the provision of data to group regulatory reporting and accounting. The DataPool now covers retail and corporate banking including investment products.
Benefits
The DataPool was:
integrated into the internal operations of the bank
connected to key systems such as Svenson, FlexFinance, SAP, and SAS
a key component of the delivered solutions for the IT infrastructure of Austrian business banking plus retail expansion in Germany
The DataPool automated and consolidated banking and accounting data while providing comprehensive, fully auditable information for Basel III and statutory reporting, as well as for internal reporting.
Simplity has a proven record, as a trustworthy and reliable partner, for completing data projects in the financial industry. Additional ongoing benefits for financial institutions, as part of comprehensive packages for data projects, Simplity can provide:
business consulting and implementation in the fields of workload and data analysis, process proposals, source target matrix, group reporting, and legislative requirements
communications with business users
proposals and implementation of interfaces for controlling applications
the support of DataPools, Data Lakes, or Data Vaults on production
data quality assurance
How can we help you?
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