G-SIB expands Adenza capital and liquidity calculations and financial and statistical reporting solution to Brazil
American multinational investment bank and financial services company leverages Adenza’s global solution, local knowledge, and regional support for risk and regulatory compliance in Latin America
Compelling Event And Decision Drivers
The recent increased regulatory scrutiny on, and complexity and granularity of, banks’ capital and liquidity calculations has accelerated their efforts to completely forgo spreadsheets, multiple third parties, and siloed systems for an integrated and scalable solution that protects them against the next inevitable rounds of change.
Adenza’s strategic and automated solution already in place addresses this global client’s scope of requirements. Its breadth of solutions for capital and liquidity calculations and financial and statistical reporting not only solves historical issues like manual or siloed processes and data strategies, but also stands up to scrutiny, addresses current requirements such as FRTB and IFRS 9, and prepares clients for upcoming Basel IV changes as well as new initiatives, like ESG. Going with Adenza also enabled the client to leverage resources that maintain ControllerView throughout Latin America for its Brazil regulatory requirements.
This high-performing solution also enables the clients to scale performance and leverage a common, single-source data strategy, eliminating ongoing concerns about a dispersed technology stack as their businesses expand outside current jurisdictions. The solution matched this G-SIB’s global strategy.
Adenza’s Capital and Credit, Liquidity, and Regulatory Reporting Solution
The antithesis of a black box, Adenza’s AxiomSL ControllerView® platform delivers transparency across fully automated processes from data ingestion to report submission, enabling clients to meet a range of complex regulatory calculations reporting requirements in a single integrated platform, regardless of jurisdiction. Besides its end-to-end functionality, including enrichment, attestation, and submission, this data-driven enterprise platform also seamlessly delivers the workflow automation and controls, validation, calculation, drill-down, unique dynamic data-lineage and traceability, analytic dashboards, and reporting. It also enables easy interrogation of data and calculations at any point for cross-report consistency.
More Benefits
- ControllerView ingests original data from disparate sources without transformation for faster processing, seamless integration, ease of management, data lineage, analytic dashboards, and reporting
- Local support with eight offices in Latin America
- Scalability for TCO optimization
We are pleased that this client has joined other G-SIBs looking to consolidate with a single vendor by leveraging our financial risk regulatory reporting solution for Brazil, further demonstrating its capabilities and coverage from region to region or within a region.
While it’s vital for clients to have access to our global solution as they continue to expand, we appreciate that there is also a tremendous benefit to having access to local expertise, support, and market knowledge.
- Luis Gustavo Penteado, Director of Sales, Latin America, Adenza
