The BRSANALYTICS business breakfast organised by Computime in conjunction with Microsoft Malta came to a successful close this morning at the Microsoft Innovation Centre at SkyParks Luqa.
The event was attended by a significant number of Malta’s leading banks and financial institutions along with key representatives from the Computime team. The opening speech delivered by Kevin Schembri, SMS&P Manager for Microsoft Malta, described Computime as one of the forerunners in obtaining the Microsoft Key Solutions Partner status locally and highlighted the advantages of having Microsoft’s BI stack (Microsoft SQL) as the underlying technology for BRSANALYTICS.
One of the main focuses of the business breakfast was the upcoming regulatory changes for 2014 due to CRD IV that has now been in effect since January 2014. The regulatory context for the changes as well as the actual reporting templates were discussed in some detail by Computime’s Senior Implementation Consultant, Andrew Bonnici, including COREP and FINREP reporting as well as the modules within BRSANALYTICS. The modules developed as part of the BRSANALYTICS package Mr Bonnici explained “allow clients to automatically populate the returns in a shorter time and more efficient manner.” Importance was also placed on future reporting requirements starting from January 2015, such as the new Liquidity and Leverage Ratios.
Launched in 2008, the regulatory reporting solution developed by Computime has matured in the local market and is now in its second version. Guests were given a walk-through of the new features of v2 along with the upgrade approach to v2 for existing clients. Finally, the roadmap for BRSANALYTICS v2 in terms of its functionality and reporting packs was presented in line with the regulatory reporting requirements outlook.
“The reporting packs,” Head of Product Development for Computime Mr Vince Vella said, “will be available as early as April 2014, with the COREP (Capital Requirements, Credit Risk) and large exposure reports nearing completion, and the BR06 changes, FINREP and COREP (Market and Operational Risk) packs scheduled to be finalised by the end of the year.”
Kevin Schembri said that “since the solution is designed to be easily localised and adapted so that it complies with different countries’ specific regulatory requirements, there are great prospects for the BRSANALYTICS customer base to expand beyond our shores.” The event coincided with Computime’s extensive business development trip to the UAE and Kuwait as part of the internationalisation strategy of the regulatory reporting solution. Mr Schembri added that “Microsoft is fully committed to support the promotion of BRSANALYTICS in markets overseas”.
