Gruppo Banco Popolare has selected Diamis for enhancing and consolidating liquidity management at group level. Diamis has implemented its CRISTAL solution to provide the bank with a single platform for real-time integrated monitoring of available assets against expected activities as well as control of outflows in respect of Basle III requirements for managing intraday liquidity.
Through the staged project approach that was defined by Gruppo Banco Popolare, CRISTAL has firstly consolidated liquidity management in euro and then will integrate liquidity in foreign currencies before supporting the impacts of securities settlement migration to TARGET2-Securities. In the meantime, CRISTAL will support reporting requirements under the Basle III “Monitoring tools for intraday liquidity management” regulatory framework.
Gruppo Banco Popolare also uses Diamis’ MPH Converter for managing conversions of legacy formats that are used for interfaces with the bank’s information system.
Marco Urbani, Head of Cross-Border Payments and Settlement Systems at SGS BP said: “CRISTAL enters our global reform program for modernising and centralising the bank operational infrastructures. By selecting a proven up-to-date software package, Gruppo Banco Popolare has replaced legacy systems with a liquidity management solution which better match the market requirements and has ensured long term compliance with regulatory requirements and state-of-the-art business practices. The new platform offers a sound basis for safer and optimised liquidity management. Beyond TARGET2-Securities, migration of High-Value Payment Systems to ISO20022 is already on track at Gruppo Banco Popolare.”
Olivier Hache, General Manager of Diamis said: “On behalf of CRISTAL community of user banks, we are delighted to welcome Gruppo Banco Popolare, a key player in the Italian bank industry. For this project, Diamis has noticeably invested in tailoring CRISTAL pan-European features to Italian-specific market practices. This success proves again the validity of CRISTAL concepts for globally addressing liquidity management of European banks as well as its flexibility to accommodate market-specific requirements.”