Finastra, Uni Systems further partnership on Treasury & Risk Management

By Gloria Methri

Finastra and Uni Systems have extended their partnership to help financial institutions in the Adriatic, Central, and Southeast Europe regions comply with the Basel Committee’s FRTB reporting requirements, effective in 2025. Under the new agreement, Uni Systems can offer its customers Vector Risk’s Trading Book Market & Credit Risk Solution, via Finastra’s FusionFabric. Cloud.

The FRTB is a comprehensive suite of rules proposed by the Basel Committee on Banking Supervision (BCBS) that capital banks must hold against market risk exposures. It expands the current market risk framework to ensure that internal models used by banks to calculate capital requirements efficiently cover risks, and simplify comparisons of risk-based capital ratios across banks.

Benoit Riquet, CPO, Treasury & Capital Markets at Finastra said, “By partnering with Uni Systems and offering Vector Risk’s solution via our platform, more banks will benefit from ongoing upgrades and regulatory compliance, quickly, with reduced project risk and without the need for new IT infrastructure.”

Trading Book Market & Credit Risk is a SaaS solution providing connectivity with Finastra’s treasury and capital market solutions, standard market data packages, and institutions’ internal data. It automates the standardized approach for counterparty credit risk (SA-CCR), Value at Risk (VaR), Potential Future Exposure (PFE), credit valuation adjustment (CVA), and others that will follow. Uni Systems provides strategic guidance, project management, and technical execution.

“Vector Risk’s solution on Finastra’s platform enables institutions to easily comply with market and credit risk regulations while improving their regulatory and internal reporting metrics,” said Constantine Serros, Banking & Financial Services Business Unit Director, and BoD member at Uni Systems. “Seeing this compliance need coming, we decided to further extend our partnership with Finastra to enable our customers to take complete control, with a cost-efficient cloud-based solution that automates the calculations of risk measurements which demand a unique data workflow.”