Raiffeisen Bank selects Abacus reporting solution 24 January 2018Vienna Reporter: Zsuzsa Szabo
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Raiffeisen Bank International (RBI) has selected BearingPoint鈥檚 software solution to meet regulatory reporting requirements.
The solution will enable the Austrian commercial and investment bank to manage its daily reports to align with the newly introduced European reporting rules.
RBI cited the second Markets in Financial Instruments Directive (MiFID II, the European Market Infrastructure Regulation (EMIR), Money Market Statistical Reporting (MMSR) and the Securities Financing Transactions Regulation (SFTR) the main sources of its reporting challenges.
Fariborz Nourani, head of division head office operations at RBI, said: 鈥淎s an important player in the financial market, we need to meet the whole range of transaction-based reporting requirements.鈥�
鈥淲ith Abacus/Transactions, we have found a software that can be used for various reporting types. This is time-saving, cost-effective, and will make our work much easier in the future since we have to prepare and deliver the data only once.鈥�
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