Abacus360 - We provide you with comprehensive advice
Regulatory requirements in the reporting environment repeatedly present banks with new challenges, which can be technical, procedural, or technical in nature. Very often, these are also accompanied by new data requirements.
Those who use standard reporting software such as Abacus360 have the advantage that the technical logic behind report generation is embedded in a new version of this standard software solution and does not need to be further developed technically in a proprietary solution. Nevertheless, implementing new data requirements generates considerable effort for banks.
Map new regulatory requirements in Abacus360
The following topics must be taken into account when implementing new regulatory requirements.
In particular:
- The definition of data requirements and the technical design, in particular the impact analysis with regard to the respective credit institution and its subsidiaries as well as each individual financial instrument, must be prepared and the effects on affected upstream systems, internal reporting, and data quality management in this context must be examined.
- The design of the target model, i.e., the analysis of data availability in the source or delivery systems, taking into account the data delivery processes within the overall architecture, and the corresponding mapping of the data flow from the source system to Abacus must be defined.
- The setup and configuration of the Abacus module, such as the installation of the new software version and the associated adjustments to the customizing concept, the basic settings, the dimensioning functionality, the batch processing processes, and the authorization management, must be implemented.
- The tests, including test management of module, system, system integration, and user acceptance tests, are carried out to ensure operational acceptance, and the interaction of the individual tests, their objectives, content, and mutual delimitation are documented in a framework test concept.
Rely on our expertise for these requirements
We can assist you with these topics and all other issues relating to Abacus software with our comprehensive, tried-and-tested professional and technical expertise. Get in touch with us!
Service offerings
IReF preparation
We support you in preparing for future IReF requirements. We accompany you throughout the entire process – from analysis and design to testing and go-live.
Implementation and Application Management
We have experience in connecting upstream systems to Abacus360, for example when establishing new connections in the course of a core banking system change. As consultants, we ensure successful connection and reliable delivery of raw and result data.
We complement this offering with our support in application management—an area in which many customers already rely on our expertise.
Your contact persons
is responsible for regulatory reporting integration and services at msg for banking in the area of digital transformation.
supports credit institutions in implementing new regulatory requirements from a professional and technical perspective and advises them on reporting content and interpretation issues.