OeKB selects Quantifi to Replace Existing Front-to-Middle Solution
Oesterreichische Kontrollbank AG (OeKB) is a specialised institution owned by commercial banks located in Austria. OeKB’s mandate is to support the Austrian economy, offering a uniquely broad variety of services to Austria´s industry and capital market participants. These include services for exports and foreign investments and capital and energy markets services. As of June 2016, OeKB had total assets of €29 billion and employed over 400 people.

To respond to the evolving regulatory and market landscape a key priority for OeKB was to replace their existing external systems with a next-generation single solution for risk and analytics. To satisfy counterparty risk and IFRS 13 audit requirements OeKB needed the ability to accurately calculate XVA using sophisticated Monte-Carlo based simulation across all relevant derivatives asset classes. Reporting and clearing requirements under the European Market Infrastructure Regulation (EMIR) also motivated change within the organisation. To enhance market risk practices the bank wanted to calculate VaR over a one-month time horizon as it was previously calculated on a quarterly basis.

After assessing a number of technology providers OeKB chose Quantifi as it was the only provider to demonstrate the ability to support their requirements. With its single integrated front-to-middle solution Quantifi has revamped OeKB’s trading and risk management infrastructure, across several lines of business, to provide new levels of accuracy, usability, flexibility and integration. This has translated into a lower total cost of ownership, major improvements in operational efficiency and fully supports current and future business activities.

Download the complete case study to see how Quantifi was able to support OeKB’s growing business.

“Having conducted a demanding selection process, we chose Quantifi, which we believe offers us a modern and functionally rich strategic platform to modernise and streamline our trading and risk management processes.”

Achim Keuchel, Vice President, Treasury, OeKB

Request A Copy

insights

Navigate major trends & developments shaping the industry

Client Stories

AFD Treasury Leverages Quantifi’s Integrated Trading and Risk Management Solution

Agence Française de Développement (AFD), is an established and specialised financial institution that has been working to fight poverty and foster economic growth by financing sustainable development projects in developing countries across five continents. AFD is a regulated bank with 40 offices around the world and operating in more than 60 countries.

Client Stories

Piraeus Bank Addresses XVA Requirements with Quantifi’s Single Solution

Piraeus Bank (Piraeus) is the largest bank in Greece, in terms of assets, and is considered the most innovative in the Greek market.

Client Stories

Helaba Enhances Enterprise-Wide Derivatives Counterparty Risk Management

Helaba, one of the leading German banks, with a workforce of approximately 6,300 and a balance sheet total of around EUR 180 billion, offers financial services to companies, banks, institutional investors and the public sector, both within Germany and internationally. The bank also acts as central clearing institution and service provider for 40% of German savings banks.

Let's Talk!

Speak with one of our solution experts
Loading...