AndBank Monaco adopts SBS Regulatory Reporting solution on AWS

By Gloria Methri

AndBank Monaco SAM, the Monaco subsidiary of the Andbank Group, has partnered with SBS (formerly Sopra Banking Software) to leverage its SBP Regulatory Reporting Solution.

This partnership represents the first SBP Regulatory Reporting reference operated on AWS SaaS by a bank in the Principality of Monaco. The solution will address a broad range of regulatory requirements, including RUBA, ANACREDIT, VUC, Basel risk calculations, and more.

AndBank will also take part in SBS’s client referral program, further strengthening the collaboration between the two companies while highlighting the benefits of the SBP Regulatory Reporting solution to stakeholders in the banking sector.

By choosing SBS, AndBank will benefit from advanced regulatory reporting solutions on the market, demonstrating its trust in SBS’s expertise and its ability to meet the rigorous standards of the Monegasque market.

SBS is a global FinTech company that is helping banks and the financial services industry to reimagine how to operate in an increasingly digital world. SBS is a trusted partner of more than 1,500 financial institutions and large-scale lenders in 80 countries worldwide, including Santander, Societé Generale, KCB Bank, Kensington Mortgages, Mercedes-Benz, and Toyota.

Its cloud platform offers clients a composable architecture to digitise operations, ranging from banking, lending, and compliance to payments and consumer and asset finance.

As SBS continues its expansion into highly demanding markets, this collaboration underscores the company’s commitment to providing robust regulatory solutions tailored to the needs of major financial institutions.