back Back

Finastra, Uni Systems further partnership on Treasury & Risk Management

By Gloria Methri

March 14, 2023

  • Credit Risk Solution
  • Finastra
  • FinTech
Share

Finastra, Uni Systems, Treasury and Capital Markets, Risk Management, FinTech, UK, FusionFabric.cloud, Credit Risk Solution, regulatory complianceFinastra and Uni Systems have extended their partnership to help financial institutions in the Adriatic, Central, and Southeast Europe regions comply with the Basel Committee’s FRTB reporting requirements, effective in 2025. Under the new agreement, Uni Systems can offer its customers Vector Risk’s Trading Book Market & Credit Risk Solution, via Finastra’s FusionFabric. Cloud.

The FRTB is a comprehensive suite of rules proposed by the Basel Committee on Banking Supervision (BCBS) that capital banks must hold against market risk exposures. It expands the current market risk framework to ensure that internal models used by banks to calculate capital requirements efficiently cover risks, and simplify comparisons of risk-based capital ratios across banks.

Benoit Riquet, CPO, Treasury & Capital Markets at Finastra said, “By partnering with Uni Systems and offering Vector Risk’s solution via our platform, more banks will benefit from ongoing upgrades and regulatory compliance, quickly, with reduced project risk and without the need for new IT infrastructure.”

Trading Book Market & Credit Risk is a SaaS solution providing connectivity with Finastra’s treasury and capital market solutions, standard market data packages, and institutions’ internal data. It automates the standardized approach for counterparty credit risk (SA-CCR), Value at Risk (VaR), Potential Future Exposure (PFE), credit valuation adjustment (CVA), and others that will follow. Uni Systems provides strategic guidance, project management, and technical execution.

“Vector Risk’s solution on Finastra’s platform enables institutions to easily comply with market and credit risk regulations while improving their regulatory and internal reporting metrics,” said Constantine Serros, Banking & Financial Services Business Unit Director, and BoD member at Uni Systems. “Seeing this compliance need coming, we decided to further extend our partnership with Finastra to enable our customers to take complete control, with a cost-efficient cloud-based solution that automates the calculations of risk measurements which demand a unique data workflow.”

Previous Article

March 14, 2023

ICICI Bank offers Ecosystem Banking for Indian startups

Read More
Next Article

March 14, 2023

Tarabut Gateway announces new partnership with Rain

Read More






IBSi Daily News Analysis

June 21, 2024

Credit Risk Solution

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 21, 2024

Discai and Harmoney join forces to fight financial crime

Read More

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

June 21, 2024

Loop & J.P. Morgan Payments to boost working capital with freight payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023