Asseco SEE in Serbia and Univerzal banka Beograd Signed a Contract

Asseco SEE in Serbia and Univerzal banka Beograd have signed a contract for implementation of “ASEBA Tezauri Banking Data Warehouse” (BDW) and Basel II reporting solution.

Univerzal anka Beograd was in search for BI solution that will provide regulatory reporting in accordance with the Basel II standards and increase utilization of the existing business intelligence ystems. “ASEBA Tezauri BDW”, already implemented in other banks in the region, has proven capacity to fulfill these requirements.

The Basel II Committee recommends the existence of integrated data warehouse solutions as an essential prerequisite for the optimal risk monitoring and reporting in accordance with the Basel standards. In this sense, "ASEBA Tezauri BDW" provides centralized storage of data that are consolidated and cleaned and provides time series data that are the basis for advanced analysis. It should also be noted that the IRB approach to Basel II standards implies the existence of historical data for at least 5 years, and implementation of Basel II with "ASEBA Tezauri BDW" provides smooth transition to advanced IRM models.

“This is important project and implemented solutions will enable the Bank to receive an analytical basis for reporting in order to measure profitability and to monitor key business performances. Use of "ASEBA Tezauri BDW" will secures compliance with Basel II regulations and standards of the National Bank of Serbia. Bearing in mind importance of these activities, it was necessary to entrusted this project to a leading and reliable IT solution provider, such as Asseco SEE”, said Miloje Mijatović, Head of IT, Univerzal banka Beograd.

Beside all mentioned, the project will set solid ground for the future implementation of reporting and analytical applications in the areas of risk management, financial performance, customer relationship management and legislation.