Raiffeisen Bank International has adopted SmartStream's Corona Cash and Liquidity solution, the technology firm's platform for monitoring and managing cash positions on an intraday basis, throughout Raiffeisen Banking Group Austria in an effort to address upcoming Basel III regulations.
The solution is able to generate complete reports also incorporating, for example, central bank deposits and helping the bank allocate.
Corona was built by SmartStream in Vienna, with the collaboration of the bank's treasury domain experts and it was part of the Raiffeisen's efforts to be ready for the Basel III regulation, which comes into effect January 2017.
"The Corona solution also provides real-time data from external sources. This is clearly unique and works well for us," said Wolfgang Pollak, senior asset liability manager at Raiffeisen International Bank, in a statement.
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