23 June 2017
Visit cib.db.com

CSOB chooses Wolters Kluwer's OneSumX for treasury risk management

02 December 2016  |  14895 views  |  0 Source: Wolters Kluwer

Československá obchodní banka (ČSOB), a leading Czech bank, has chosen Wolters Kluwer’s OneSumX software to support its Treasury department.

OneSumX provides an ecosystem of complementary and comprehensive solutions and services to manage the intersection of governance, finance, risk and compliance, increasing organizational profitability, efficiency and growth.

ČSOB, which is owned by Belgium’s KBC Bank, will use OneSumX for Risk Management, implementing the solution for its Treasury (ALM) department to oversee its funds transfer pricing (FTP) system.

The FTP component is based on Wolters Kluwer’s integrated platform, which performs the assignment of FTP rates and calculation of spreads per deal, thus enabling calculation of business units profitability, as well as balance sheet analysis and management.

“ČSOB’s adoption of our software is another important validation of our leading position in the risk management space through our OneSumX solution,” notes Kris Van Bavel, managing director, EMEA, for Wolters Kluwer’s Finance, Risk & Reporting business. “We very much look forward to continuing our work with the bank on the implementation and on a further roll-out of our risk management solution.”

Other banks that have recently signed up to use OneSumX include BGFI, Banco Santander, Taiwan Business Bank, Bank BGŻ BNP Paribas and Mizuho Bank.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.finastra.comdownload the report nowvisit wavestone-advisors.co.uk

Top topics

Most viewed Most shared
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8606 views comments | 17 tweets | 27 linkedin
Live: EBAday 2017, day twoLive: EBAday 2017, day two
8432 views comments | 4 tweets | 5 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
7732 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7599 views comments | 8 tweets | 25 linkedin
UBS dangles $200,000 carrot to woo startups to fintech challengeUBS dangles $200,000 carrot to woo startup...
6505 views comments | 12 tweets | 5 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job