The Solution verifies daily reconciliation of cash accounts between the account statement and the Backoffice system. The reconciliation construction considers daily transactions for the purpose of account and currency level reconciliation.
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Created in multiple languages from processing and calculation logic.
On this page, you will find examples of project experiences that illustrate how Irion EDM® can create value for your company, also through our Partner Network. It highlights the main use cases and the different capabilities of the platform employed to meet client requirements, which can be viewed from three perspectives: technological, business, and organizational.
You can request additional details about the experiences presented or contact us to assess your Data Management requirements from scratch: the Solutions are composable, and expert advisors will know how to best address your needs.
Govern and oversee the information asset of your bank, company or business.
Manage the information supply chain, enhance continuously evolving data to make real-time forecasts, assess market risks, and comply with regulations.
Cash reconciliations
Market Abuse Indicators Monitor
In the area of Market Abuse, the Solution performs numerous checks on statistical, master and Order Register data. The goal is to identify potentially suspicious transactions and subject them to expert judgement for reporting purposes.
Data Enrichment and Data Quality pro MiFID
Experience related to Solutions addressing different operational aspects in compliance with MiFID/ MiFID 2 regulations:
- massive verification of questionnaire results
- evidence of short positions
- allocation of fund management costs
Reconciliation Energy Produced vs. Scheduled
The Solution verifies the net energy output (NEO) at 15′ intervals, comparing it with the corresponding binding schedule. Imbalances are classified, historicized, and displayed in a dashboard to support user analysis.
Data Enrichment and Data Quality Energy Prices
With reference to various indices useful for energy pricing, the Solution deals with:
- forward curve calculation
- verification of data existence and compliance with range of values
- Alignment check against public data (i.e., site)
Reconciliation of Administrative and Management Fees
When migrating to a new application, the Solution verifies the correctness of the fees calculated by the new system, comparing them to the old one. The reconciliation covers administrative and management fees, both active and passive.
Trade Repository Reconciliations (EMIR)
In response to EMIR regulation, the Solution orchestrates daily flows from various Front Office systems to reconcile reportable OTC derivatives. It supports automatic and manual Unique Trade Identifier (UTI) enhancement.
Data Quality Quiet Engagement – Auto Policies
Data Quality solution in the process of Quiet Advancement of Auto Policies, both for liability and other guarantees. Checks data completeness and correctness of amounts (installment, renewal) for receipts to be sent to policyholders.
Data Quality Internal Models – TRIM
Initiatives to support Banks adopting an internal rating model (IRB). Numerous controls monitor the quality of the ratings and allow the model to demonstrate reliability for the dimensions verified in TRIM: PD, LGD, CCF.
Billing control for supply termination (electricity, gas)
The Solution monitors supply terminations of the gas and power component for the purpose of timely billing. In case of delays, the calculation of the compensation due to the end customer according to Resolution 100 is carried out.
Notification Corporate Actions
The Solution automates the reporting to managers of Corporate Action related to portfolio securities. Drawing from a centralized repository, daily it produces a flow for the management application and sends emails to the managers concerned.
Monitoring Corporate Actions
The purpose is to monitor Corporate Actions related to managed funds. Data are received from various providers and front-office, events are selected to be matched to portfolio positions, and the execution of scheduled steps is monitored.
Data Quality Counterparty Risk
The Solution verifies the counterparty risk indicator with calculations based on balance sheet, market, and internal ratings data. The index (with associated trend) is displayed and historicized along with the scorecard by counterparty.
Data Quality Credit Risk
Various experiences in the banking field aimed at controlling the quality of databases referring to Counterparties, including interfacing external sources (e.g., Central Risk Office). Useful classification between natural and legal persons from the perspective of Anacredit.
Data Preparation IFRS 17
Solution that presides over the monthly process of producing IFRS17 dimensions to feed the SAP FPSL accounting module and Prophet actuarial. Data are subject to enrichment, aggregation, and checking before being sent to recipients.
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