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Finance, Performance, Risk and Regulatory Reporting

Trade Financing Bank Selects Solution Suite to Integrate Departments on Unified Platform

Kris Van Bavel
Vice President Sales EMEA
Wolters Kluwer Financial Services

Wolters Kluwer Financial Services has announced that Amsterdam Trade Bank, owned by Alfa Bank, the largest private commercial bank in Russia, has selected its solution suite for Finance, Performance, Risk and Regulatory Reporting in the Netherlands. 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. “By selecting Wolters Kluwer Financial Services’ solution suite, ATB will benefit from a centralized data mart, which underpins the architecture of its solutions, providing risk analytics, regulatory reporting and all finance & performance calculations, under one unified and integrated platform.” 

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services
 provides more than 15,000 customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne, ARC Logics, AuthenticWeb, Bankers Systems, Capital Changes, CASH Suite, FRSGlobal, FinArch, GainsKeeper, NILS, TeamMate®, Uniform Forms, VMP Mortgage Solutions and Wiz, Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and solutions provider with annual revenues of (2013) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide.

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