solarisBank, the first banking platform with its own full banking license, has chosen zeb.control’s bank management software to combat risk.
zeb.control said it will support solarisBank in present value and periodic interest rate risk management, liquidity risk management as well as monitoring of the risk-bearing capacity. The company will also offer solarisBank flexible scenario analyses for holistic total bank management including all relevant regulatory KPIs.
solarisBank choose its software due to ‘its high level of technical integration of risk management function and controlling issues’, the company added.
Founded in 1992, zeb.control provides a fully integrated software package, with its client roster including major European banks and private banks, regional banks as well as insurers.
Its effective risk management software, zeb.control.risk, allows active management of the relevant risk factors for banks, such as interest rate and liquidity risk, trading risk, credit risk, as well as operational risk.
The software provides a practice-tested reporting system, which allows users to quickly generate risk reports, along with analyses and simulations at the group/bank-wide level, from individual portfolios to individual positions or transactions
Zeb’s calculation engine, zeb.control.calculation, establishes cash flows for all banking products and calculates all the contribution margin levels for customer transactions, both as present values and period-oriented data. It also supplies theoretical market prices and sensitivity indicators for derivatives.
For banks, the implementation of regulatory reporting requirements according to Basel turns is complex and time constraining, with the majority of IT structures reaching their limit of performance when implementing the required regulations.
zeb.control.regulatory and the Basel module, is a freely integrable platform for calculating capital requirements for credit and operational risk. Its Liquidity module calculates regulatory liquidity reports for liquidity coverage ratio (LCR) and additional liquidity monitoring metrics (ALMM).
In January 2016 the new Solvency II regulations became effective, which are the redefined regulatory framework for the insurance industry throughout the EU. The Solvency II solution by zeb.control offers both insurance groups and individual insurance companies a standardized solution for coping with the inevitable challenges.
In addition, with EIOPA publishing new regulatory requirements for the EU-wide regulatory reporting of institutions for occupational retirement provision and pension funds, Zeb’s software also includes an IORP-reporting module.
Earlier this year, solarisBank AG bagged €56.6m in its Series B funding round. BBVA, Visa, Lakestar and ABN AMRO’s Digital Impact Fund contributed to make their first investments in company, while existing backers Arvato Financial Solutions and SBI Group also took part.
Founded in 2016, the company, which has a full banking license, provides digital banking, card services, credit services, payments and escrow API solutions. solarisBank is used in seven countries and is by 60 corporate clients, but this is expected to hit 100 by the end of the year, according to the company.
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