One of the biggest challenges for financial institutions in the next three years is to implement the regulatory requirements. Basel III, CRD IV, SEPA, MiFID II and FATCA are creating immediate pressure to act.
These new requirements require a new level of detail and flexible grouping of customer portfolios compared to previous changes in banking regulations. Almost all IT systems are affected by these changes. A comprehensive knowledge of business processes and a technical overview of existing applications are of vital importance.
Quick checks with checklists give guidance, but are not sufficient on their own. Staff with in-depth knowledge and extensive IT experience is required.
For over 20 years, S&N has been advising clients in the development and integration of custom solutions, reporting requirements and dashboard technologies. We understand the requirements of the banking industry and connect operating systems with risk management and reporting systems. We assume the implementation or migration of a system and generate the necessary data flow from proprietary back end systems and standard products (e.g. SAP BS 8.0, SAP BA, Cassiopae,...).
On the basis of technical and regulatory requirements, our consultants analyse the required data sources and make recommendations for implementation and design. We look forward to using our experience to work with you on carrying out the IT change process.