IBS Journal June 2016
19
WHO? ANADOLUBANK NEDERLAND WHAT? AXIOMSL TECH
of Anadolubank Turkey, is to use AxiomSL’s XBRL solution to submit regulatory reports to De Nederlandsche Bank (DNB). The project follows the DNB’s decision to align with other European central banks by mandating the use of XBRL for European Banking Authority (EBA) regulatory submissions.
A
The solution will be used for the Common Reporting (COREP), Financial Reporting (FINREP), Asset Encumbrance, Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR) and Leverage Ratio components of
nadolubank Nederland, a Dutch subsidiary the Capital Requirements Directive IV (CRD IV).
“AxiomSL’s XBRL solution meets our needs exactly,” says Nuriye Plotkin, Managing Director, Anadolubank Nederland. “The control and data validation functionality offered by AxiomSL gives us complete confidence in the accuracy of the data we will submit to the regulator. As the EBA continues to release new versions of its XBRL taxonomy, AxiomSL’s quick time to market was also compelling. We are looking forward to working with the leading XBRL specialists on our regulatory reporting.”
Scott Thompson WHO? TELEFONICA GERMANY WHAT? FIDOR BANK TECH
own mobile banking service using technology from Fidor Bank. The company will be white-labelling Fidor’s cloud- based infrastructure for P2P money transfers between mobile phones. A launch date in Germany has been provisionally set for late summer.
T
Under the name O2 Banking, the account will come with a MasterCard for cash withdrawals and shopping and a financial planning tool for following overall spend. Fidor Bank will also be providing Telefonica Germany with a banking licence valid throughout Europe, as well as individual customer, card and transaction services.
“This partnership is the first truly disruptive alliance in Germany between a successful digital telecoms company and an innovative digital bank”, says Matthias Kröner, CEO,
elefonica Germany is planning to launch its
Fidor Bank. “Our collaboration gives customers the best of two digital worlds: quick and easy banking services via a mobile app, combined with innovative additional services from their O2 mobile contract.”
Alex Hamilton
www.ibsintelligence.com
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