Success Story: Finance and risk architecture

TARGETED IT ARCHITECTURE FOR BANKS

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.

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What has the client achieved with this?

  • Standardized IT architecture for efficient fulfillment of increasing legal and regulatory requirements
  • Single point of truth: finance and risk data is only stored at one single point
  • Flexibility in the rapid recording of product changes or new products in the reporting system
  • Faster and more consistent provision of data for finance and risk reporting
  • Overcoming the heterogeneity of data, as well as traceability and audit compliance of data creation

Our Approach

Q_PERIOR successfully implements digitalization projects for banks and financial service providers – from the analysis right up to the rollout. Find out more about the specifics of our approach.

WE ARE THERE FOR YOU!

With Q_PERIOR, you have a strong partner at your side.
We look forward to your challenge!

2017-10-11T14:33:06+00:00 6. July 2016|