March 2019: Following a comprehensive provider selection, Raiffeisen Bank International (RBI), Austria’s second largest bank, has selected RiskLine from abraxas as the central solution for the validation and quality assurance of financial market data for all asset classes as part of its valuation process.
Both the convincing functionality and the numerous validation methods for quality assurance as well as the many years of project experience and comprehensive services provided by abraxas were ultimately decisive factors for RiskLine as the central solution for the validation and quality assurance of financial market data. In particular, the ability of parameterizing the price validation rules in RiskLine by RBI as well as the possibility of simulating the effect of price changes on funds (NAV change), ensure a high degree of flexibility and transparency. In addition to meeting regulatory requirements and audit compliance, RiskLine’s ease-of-use and web-based process monitoring were also convincing.
We are delighted to win with Raiffeisen Bank International yet another well-known bank as a RiskLine customer and look forward to a long and cooperative partnership.
