National and international regulatory authorities are reacting to the increasing speed and diversity of the digital world with a rapidly growing number of regulatory requirements. Banks’ existing IT landscapes are often unable to adequately provide the prerequisites to meet the growing demands for more and more mandatory finance and risk reports that go into more and more detail. Above all, it is point-to-point interfaces and separated data storages that represent obstacles to efficient finance and risk reporting. With regard to maintenance and further development, historically-grown IT systems are simply too time-consuming and too expensive.
That’s why a leading German mortgage bank has decided to work together with Q_PERIOR to set up a SAP-based integrated finance and risk architecture (IFRA) that facilitates the centralized storage of all relevant data. Thanks to the layer model and the modular set-up of the IFRA, the IT department is in a position to rapidly and efficiently implement any current and future requirements.