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Spinoff French Bank selects FIS’ Ambit Focus Regulatory Reporting as a Service (RRaaS)

An independent French bank with the balance sheet of over 5.5 billion euros focused on retail banking and consumer finance, auto finance, consumer credit, and deposits, chose FIS’ Ambit Focus regulatory reporting service to help them meet the regulatory reporting challenges and reduce the process complexity through end-to-end automation.

The client’s current in-house infrastructure lacked the level of straight-through processing (STP) and automation that they required to efficiently produce regulatory reports with the large volume of requirements imposed by the regulator.
FIS will be deploying and ensuring all the production and automation of the regulatory reports, including IRRBB , Funding Plan, ALMM 66, 67, 68, 69, 70, 71, LCR, and NSFR. Ambit’s risk reporting services help the client off load a huge amount of monthly and quarterly reports and maintain and prepare them for submission. Ambit’s fully automated process flow, was a clear innovative solution for the client not only enabling them to lift their regulatory reporting burden but also help streamline the workflow process and reduce TCO.
Marco Seeliger said “Regulation – and moreover, regulatory reporting – has become an integral part of the customer’s business framework; it can be time consuming and over bearing. Ambit’s risk reporting as a service takes away the burden of regulatory reporting from our customers and enables them to concentrate on their business goals. We’re delighted to secure yet another customer to the Ambit risk reporting service fold.”
FIS’ Ambit Risk and Performance Management suite of solutions gives you a centralized view of risk, liquidity, capital and profitability across the enterprise so that you can be prudent in your decision-making yet strategic for maximized returns. Ambit Risk and Performance Management offers modular solutions for asset liability and market risk management, liquidity risk management, regulatory compliance and economic capital management, operational risk management and credit risk management.