Raiffeisen Bank International AG Goes Live with SmartStream’s Corona Cash & Liquidity Solution
September 27 2016 - 3:00AM
Business Wire
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
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SmartStream (Corporate Head Office)SmartStream
Technologies, LondonNathan GeeSenior Marketing ManagerTel: +44 (0)
20 7898 0630Email: nathan.gee@smartstream-stp.comorDina
CommunicationsShamira AlidinaMedia Relations DirectorTel +44 (0)
7801 590718Email: shamira@dinacomms.com