Addiko Group in audit project with Ideagen

Addiko Group in audit project with Ideagen
12.12.2019 05:58 am

Addiko Group in audit project with Ideagen

Audit and Reporting

Addiko Group is to work with software firm Ideagen in a cross-border auditing project through several Central and Eastern European countries.

Headquartered in Vienna, Addiko - a specialist Consumer and SME banking group – will launch Ideagen’s Pentana Audit software across its operations in Austria, Croatia, Slovenia, Montenegro, Serbia and Bosnia & Herzegovina.

Pentana Audit is Ideagen’s flagship internal auditing software and is used by major financial institutions including the likes of Bank of New York Mellon, Rothschild and Co., Riyad Bank, Sainsbury’s Bank, BDO and Commerzbank.

Addiko will adopt the Pentana Audit solution for several specific auditing tasks, including risk-based audit planning, deficiency management and comprehensive reporting.

Ingrid Mickl, of Addiko Bank, said: “We are pleased to be working with both Ideagen and its Pentana Audit software which we believe will bring further benefits and efficiencies to our internal auditing activities going forward.

“The unique level of reconfigurability available in the software is considered by many in the internal auditing arena to be a game-changer, enabling audit teams to mirror their own audit methodology within the system.

“We believe that Pentana Audit will modernise and digitally streamline our internal auditing efforts, and help to improve the level of risk-based auditing across our entire operations.”

Addiko Bank is a consumer and SME specialist banking group, having repositioned itself to focus on its consumer business and SME lending activities as well as payment services.

Colin Smith, Head of Ideagen’s Audit, Risk and Compliance division, said: “We are delighted to welcome Addiko Bank to our ever-growing Pentana Audit client list, which includes internal auditing teams working for some of the world’s largest financial institutions.

“Pentana Audit is the only truly ’off-the-shelf’, fully configurable and fully integrated, single database Audit Management system available anywhere in the world today. It is available in 14 different languages and has been implemented by internal audit teams operating in over 75 countries worldwide.

“This project with Addiko Bank is yet another testament to the strength of the software, and in Ideagen’s expertise, and we are delighted to welcome Addiko Bank to our extensive customer base.”

Related News

CFOs Set Reducing Costs as Top Priority to Ease Rising Pressure

The Deloitte CFO report highlights the unprecedented pace of change within the finance function. With the ’risk appetite’ among Chief Finance Officers (CFOs) at the lowest... Read more »

Broadway Technology’s Tyler Moeller and Joshua Walsky named EY Entrepreneur Of The Year

Ernst & Young LLP (EY) has named CEO Tyler Moeller and CTO Joshua Walsky of ... Read more »

Digital Minister Officially Opened Deloitte’s Tech Foundry in Reading

The Deloitte Tech Foundry has been created to allow Deloitte employees and clients to work together and share expertise on how digital transformation can accelerate innovation... Read more »

China Everbright Bank Opts for Wolters Kluwer’s OneSumX for Regulatory Reporting

China Everbright Bank (CEB) has chosen Wolters Kluwer’s OneSumX Regulatory Reporting to... Read more »

Accuity provides greater clarity on KYC risks

Accuity, the global financial crime compliance, payments and KYC solutions provider, announces the launch of Bankers Almanac Sanctions View. The new proposition allows... Read more »

Trax Transforms Integration of CME Global Repository Services Into Insight Platform

Trax, a leader in providing of regulatory reporting, trade matching and capital market data services, has bolstered its strategic alliance with the CME by integrating the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel