RZB is the central institution of the Austrian Raiffeisen Banking Group, the countryâs most powerful banking group. Via listed subsidiary Raiffeisen International Bank Holding AG, RZB operates the leading banking network in Central and Eastern Europe, where it serves more than 5.2 million customers via some 950 business outlets.
The Fermat Solution offered by GL TRADE was chosen after thorough analysis in competition with major solutions.
Gebhard Kawalirek, Head of Risk Management at RZB, comments: " A key element within our decision making was the integrated global risk platform of Fermatâs Risk Management Suite covering the Basel II, Credit Risk, ALM, VAR and IAS aspects."
Patrice de Berranger, Head of Normative Risk Business Line, GL TRADE, added: "The Fermat suite of solutions has built a reputation on meeting regulatory requirements within a very short period of time. Our commitment to RZB to meet the needs of a dynamically growing enterprise is a key factor to this selection. The Fermat suite of solutions now has 20 Basel II references, including some of the worldâs largest financial institutions. The capability of Fermat Suite to handle Basel II Credit risk and Market risk measurements and controls within the same data environment will be a strong advantage and a value solution for RZB."