BANCA NAZIONALE DEL LAVORO S.p.A. TO USE REG-REPORTER TO AUTOMATE THEIR REGULATORY REPORTING
New York, NY, August 23, 2001 – It is with great pleasure that IDOM, Inc. announces that the New York office of Banca Nazionale del Lavoro S.p.A. has purchased REG-Reporter to automate their regulatory reporting.
Banca Nazionale del Lavoro S.p.A., with corporate headquarters in Rome, is one
of Italy's largest banks with 676 locations throughout Italy as well as 23 offices around the world.
Vincent Raniere, IDOM's President & CFO said, "We are quite pleased to be adding a bank of this magnitude to our client roster. Banca Nazionale del Lavoro S.p.A. is yet another bank that will integrate their Midas transaction-processing system with our REG-Reporter software to automate and improve their regulatory reporting requirements to the U.S. Federal Reserve Bank. I am certain that they will soon see all the benefits that automating with REG-Reporter provides."
REG-Reporter automates compliance with reporting requirements to regulatory
authorities, management and head offices, and helps ensure the accuracy and integrity of financial reports while increasing the efficiency of reporting. It combines data from all of the bank's systems into a central data repository, where key information is translated into standardized data. The resulting data is then compiled into required report formats recognized by regulatory agencies such as the Federal Reserve Bank.
IDOM, Inc. is a leading provider of banking automation products and management
consulting services to the financial sector. In business since 1988, the firm,
headquartered in Newark, N.J., and with subsidiary locations in Miami and London, is comprised of career bankers and systems specialists with expertise in financial operations, management, accounting and reporting. The company's software products include its industry-leading REG-Reporter, an automated regulatory reporting solution, and DOC-Tracker document management software.