Risk mgt suite active at Amsterdam Trade Bank

AMSTERDAM, NETHERLANDS: Wolters Kluwer Financial Services announced that Amsterdam Trade Bank, owned by Alfa Bank, a large private commercial bank in Russia, has selected its solution suite for Finance, Performance, Risk and Regulatory Reporting in the Netherlands.

It adds that ATB chose the solution to help standardize its operations and improve consistency and usability of its data as well as collaboration between its finance, risk and performance management departments.

The financial institution required an integrated solution, which provides an easily-reconcilable reporting platform, greater transparency of its profitability, multiple GAAP reporting, and a centralized data mart which could help standardize its risk management reporting. ATB selected Wolters Kluwer Financial Services due to its ability to provide a strong solution offering across all requirement facets; finance, performance, risk and regulatory reporting.

"We opted for Wolters Kluwer Financial Services because of the breadth and depth of their proposed offering which enables us to gain clear oversight of our finance, risk and performance management departments," said Raymond Kromokario, head of the Finance & Control department at ATB. "During our rigorous selection process, their demonstrable expertise, pragmatic approach and thorough preparation convinced us of our choice."

"With the ever-evolving regulatory landscape, accurate and fast-paced analysis of the interlinked areas of finance, performance, risk and regulatory reporting, is essential to the health of a financial institution such as ATB," said Kris Van Bavel, vice president Sales EMEA at Wolters Kluwer Financial Services.