Profile Software, an international financial solutions provider, is participating in the 3rd Annual Retail Banking Forum taking place at the Renaissance Wien Hotel, Vienna, Austria (09:00-18:40) on the 26-27 November 2015. The company’s team will engage with the professional delegates in an interactive presentation about the company’s client-centric solutions for the banking industry.

Trayport, a leading provider of energy trading solutions to traders, inter-dealer brokers and exchanges worldwide, today announced that Power Solutions Enerji Ticaret ve Danışmanlık Anonim Şirketi have chosen Trayport’s GlobalVision Broker Trading SystemSM (BTS) for trading in the Turkish power market.

LCR aims to ensure that a bank maintains an adequate level of unencumbered, high-quality liquid assets that can be converted into cash to meet its liquidity needs for a 30 calendar day time horizon under a significantly severe liquidity stress scenario. Fintellix LCR covers all three aspects related to LCR, HQLA, Cash Inflows and Cash outflows, with an exhaustive coverage of banking products and securities with respect to LCR requirements. 

The Basel Committee on Banking Supervision (BCBS) is constantly working on ushering in a regulatory framework that enables a stable and stress-free financial system. Central Banks worldwide have adopted these guidelines, with region specific discretions and timelines for implementation. 

Fintellix enables banks to become RBS-compliant in the shortest possible timeframe with pre-built components for data extraction and storage powered by a versatile platform with a host of in-built data management, transformation, visualization and collaboration features. Fintellix provides the RBS submission team in the bank with complete control at a data-point level, while simplifying management of the submission cycle by supporting team-level administration and collaboration between stakeholders.

Fintellix Asset Quality Manager is an integrated yet modular solution to measure, monitor and manage Asset quality of various portfolios. Besides eliminating the regulatory burden through Asset Classification, Asset Quality Tracking, EWS and NPA modules; it also enables risk-sensitive, proactive decision making through advanced analytical MIS and stress testing.

Post the Financial Crisis, most financial institutions have been struggling to cope with mercurial changes in regulations. With unsurmountable demands of regulators, auditors and examiners, resource constraints have increased and the primary business focus, i.e. lending, has taken a back seat. Many Community Banks and Credit Unions have been forced to change their business strategy or move out of business due to lack of innovative decision-making capabilities.

Rapid change is the norm in Regulatory compliance world-wide. Form, content, format and calculation are constantly being changed by the Regulatory bodies to drive a stable financial ecosystem. Fintellix Regulatory Reporting helps a Financial Institution comprehensively manage reporting to the Central Bank and/or other regulatory bodies via automated data submission of mandated reports. Fintellix enables a ‘straight-through’ processing of information for quality and timeliness of data and with zero manual intervention for data accuracy and integrity.

SimCorp, a leading provider of investment management solutions and services for the global financial services industry has released a new version of SimCorp Coric, its award-winning client communications and reporting solution. This is the second of two upgrades released in 2015.

In a superannuation landscape where downward pressure on fees is a constant challenge, an increasing number of funds are seeking to gain a competitive edge by bringing parts of their investment management in-house.