O FICS
EXTENDING THE FINANCIAL WORLD
with your regulators
with your customers
Interf@ce
Faced with relentless change, financial institutions in Europe have
repeatedly needed to think on their feet. The implementation of the
Capital Adequacy Directive was a good example of how decisions
made in Brussels and Strasbourg can force banks to make
choices - and investments - with untold urgency. And with
the euro just around the corner, the pace of change does
not look set to slow down.
All the more reason to find a partner that can provide the technology to
cross new bridges - and new territory - in a timely manner.
At FICS Group, we monitor changes in European legislation and adapt our
technology accordingly. Our regulatory reporting solution
ABACUS, provides a set of rules and parameters to enable institutions to
meet CAD and EMI reporting requirements across Europe, and we have
put dedicated teams of consultants in place to adapt our offering to all
future legal stipulations.
Recently, we have been extending our reporting solution in fight of the
regulations comprising CAD II. CAD II will give financial institutions
more "elbow room" for using in-house risk calculation models when
submitting statutory reports, subject to the initial and ongoing approval of
the regulator. Our new ABACUS Financial Calculator (AFC) product has
been designed to help institutions implement just this sort of model, while
offering extended functionality to generate synergy with existing risk
The Internet, new security protocols and e-commerce
have opened up new ways for banks to interact with
the external world. In an increasingly competitive
world, technology represents a practical opportunity to forge partnerships,
reduce costs, retain existing customers and increase market share.
FICS Group has a history of helping financial institutions to
reach their customers through electronic channels. Our
systems for corporate and retail banking are
up-and-running at banks in the majority of EU countries. The modular,
multilingual, and multicurrency aspects of our banking products have
helped to address Europe's cosmopolitan needs. Naturally, all are ready-
prepared for the euro.
And as the decision-makers in Brussels are active in making barriers fall,
FICS Group has been opening frontiers of a more technological kind. We
are currently extending the reach of banks by prototyping banking systems
for a more mobile customer (through PDAs, mobile phones, etc.). Our
R&D team is investigating the profit-making
possibilities of the virtual world through push
technology and browser based applications. What's more,
our innovation in the area of electronic pUTSeS, Internet
security and transaction processing will help financial institutions to
provide the backbone to the burgeoning of e-Commerce.
Australia - Belgium - France - Luxembourg - Portugal - Singapore - Spain - The Netherlands - United Kingdom - USA
FICS Nederland
Marten Meesweg 8-10 - Postbus 84155 - NL - 3009 CD Rotterdam
Tel +31 10 286 16 00 - Fax +31 10 286 16 16
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