Santander deploys ABACUS/Transactions to comply with MMSR obligations

by | Case Study

On March 2016, the European Central Bank’s Money Market Statistical Reporting (MMSR) called on financial institutions to move from a template to a transaction reporting system, which posed a new set of challenges for Santander Consumer Bank. The successful deployment of BearingPoint’s ABACUS/Transactions in record breaking time enabled Santander to achieve MMSR compliance, which has proved something of a regulatory milestone for the bank.

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