Banco Bilbao Vizcaya Argentaria UK implemented the service to boost its efficiency and growth, while ensuring its Mifid II commitments are being managed optimally.
OneSumX Regulatory Reporting uses a single data source to ensure consistency, reconciliation, and accuracy, and includes the firm’s Regulatory Update Service. This is maintained by the vendor’s in-house experts who actively monitor regulation across approximately fifty countries.
The OneSumX Liquidity Risk Management offering combines a risk management/stress-testing engine and regulatory reporting platform, allowing firms to monitor, manage and report on their liquidity risk exposure/challenges.
Other banks that have recently signed up to use OneSumX include Mizuho, BGFI, Taiwan Business Bank, and Bank BGŻ BNP Paribas.
IBM makes headway with blockchain and encryption services; the FCA's Stephen Hanks says firms need to make decisions about their ARMs and APA providers soon.Subscribe to Weekly Wrap emails