Abacus bank flushing7/23/2023 The integrated risk modules enable the calculation of risk figures on the basis of a uniform, redundancy-free data model for cash flow generation, valuation, credit risks, market risks and liquidity risks. The established standard software covers requirements for national and international regulatory reporting, statistical reporting as well as granular reporting (AnaCredit), ad-hoc reporting and financial risk management. With Abacus360 Banking, BearingPoint RegTech offers an innovative solution that combines reporting and risk management functions on a powerful platform. Stefan Trummer, Product Manager at BearingPoint RegTech. Our modularized, flexible software solutions on the Abacus360 platform help banks to implement regulatory changes consistently and efficiently in order to adhere to a tight schedule. The Circular 06/2019 had to be implemented by banks by Decemwith the first submission of reporting templates to the German regulator, the Deutsche Bundesbank, in mid-February 2020. The EBA guidelines from 2018 and their local adoption in Germany (BaFin Circular 06/2019) require financial institutions to measure their interest rate risks in the banking book (IRRBB) at least quarterly from an economic perspective (EVE). Maciej Piechocki, Member of the Management Board, BearingPoint RegTech A common platform will enable improvements in data consistency, a single point of truth for data, reduced complexity and overall less effort in change-the-bank processes.ĭr. We are very pleased that SBI decided on our IRRBB module and will be using Abacus360 Banking as a central platform for both, regulatory reporting and risk management. ![]() Our previous positive experience with the Abacus software and the consulting services provided by BearingPoint RegTech have encouraged us to take this step.įrithjof Ramb, Vice President Systems, SBI Frankfurt Over the years, we have continuously expanded the scope of use of Abacus and have therefore decided to use Abacus360 Banking as a central platform for risk management as well. State Bank of India has been a BearingPoint RegTech customer for almost 25 years and uses Abacus solutions for regulatory reporting. SBI is already a BearingPoint RegTech customer and uses Abacus360 Banking for its EBA reporting and to meet German reporting requirements. Please speak with an Abacus bank representative for more information.Amsterdam/Frankfurt, – BearingPoint RegTech, a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech), has won the State Bank of India Frankfurt as customer for its Abacus360 Banking Risk solution "IRRBB". Terms are subject to change without notice. This offer only apply to Flushing and Philadelphia branches. Safe deposit box facilities only available at Abacus Bank branches located at 6 Bowery, New York, 36-30 Main Street, Flushing and 147 North 10th Street, Philadelphia. ![]() Contents in safe deposit boxes are not covered by FDIC Insurance. *Opening of a new deposit account with new funds (no transfers from existing accounts) is required for this offer. ![]() Your Safe Deposit Box contents are not covered by FDIC Insurance.įor branch hours and locations, please Click Here. As you grow, we will grow with you, every step of the way. Abacus will provide you deposit services, investment choices, insurance, credit cards and loans that best suit you and your family’s needs. We want to be your first choice for all your banking needs. Safe Deposit Boxes are available at our Branches in Manhattan, Flushing and Philadelphia. Multiple and spacious private viewing rooms.Access 7 days a week at our Bowery Branch.Looking for a secure and convenient place to store your valuables? Abacus has over 40,000 safe deposit boxes for your use.*
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