Functional. Expertise.

Securities Processing | Financial Instruments | Payments & Cash Management | Client information | Neue EU-Datenschutzgrundverordnung | Regulatory ReformsClient Data ConfidentialityToo big to fail

Securities Processing

Our professionals are versed in all aspects of securities processing.
The processing of securities transactions last but not least is becoming increasingly complex because of the regulatory provisions. In addition to the complexity comes a high cost pressure. The declining margins forcing banks to highly optimized back-office solutions, which dominate the automatic processing of transactions (Straight Through Pocessing). This requires knowledge and solutions in the following topics:

  • Order Management
  • Order Routing
  • Transaction Processing
  • Corporate Actions
  • Securities Accounts
  • Clearing & Settlement
  • Custody Business
  • Securities Trading
  • Transactions & Periodic Pricing
  • Customer Master Data
  • Financial Instruments
  • SWIFT
  • Tax Services
  • Safekeeping of Securities
  • Regulatory Reporting
  • Client Finishing and Communication (such as Tax Statements)

Securities applications are also very complex with dependencies between applications, synchronization of processes and processing workflow. We have a profound process Know-How in all of this areas:

  • Individual process steps
  • Dependencies between the individual processes
  • Straight Through Processing (STP)
  • Requirements regarding coordination, financial accounting and all compliance aspects
  • Service level aspects of securities processing

Securities form the core competence of andrion. Here we set the expectance regarding consulting and implementation, high.

Financial Instruments

The financial instrument is at the center of an efficient and automated processing.

When it comes to efficient processing of securities, are accurate and detailed financial master data are focus. In addition to the actual manufacture one golden source for handling technical details for each instrument, are essential. They control not only the STP rate but also the pricing or the tax calculation. A great attention is already on the event data to the financial instruments. This will strongly increase in the future (keyword proxy voting) and the range of corporate events has to be characterized by a high rate of change. andrion is not only excellent versed in financial instruments, we also know the suppliers and the processes, how data succeeds to the bank and how they are refined there (cleansing and scrubbing). In this area, our experience in the field are global, so that we can advise you competently and comprehensively.

In banking IT projects andrion has proven specialists with 10 and more years of experience. Our key competences are in the field of securities processing and integration and migration projects. Systen renewal, integration of third-party solutions or spread of solutions to international locations, the andrion employees have the necessary know-how and the experience to provide a high added-value in such projects after very short familiarization time.

Payments & Cash Management

Our experience in monetary transactions (payments) and cash management in national and global context.
The payment traffic is driven by high transaction volume and the related cash and liquidity management. Of course, we know perfectly relevant SWIFT and SEPA standards also in for this. As a strong back office function, the monetary transaction is closely linked with the utility topic. We cover the following key areas:

  • Monetary Transactions
  • SWIFT Messaging & Reporting
  • Risk Filter Management
  • Corporate Payments
  • Cash Accounting
  • Cash Management

Client information

What would be a bank witout customers? The collection and maintenance of customer data is one of our other core competence.
Whether it is private or institutional clients. The customer and contract data role the decision end of a match during the entire customer relationship. We know not only the different uses of customer data, but understand also the confidentiality of this data is our subject too. Our experience shows that a clear and clean separation of sensitive, with the operational data fo the customer is essential. We understand sensitive data as the information which are required for identification and visualization (e-banking, client reporting, etc.).Many operational processing steps can be performed without having identified the actual customer, therefore “anonymous customer data” are such to provide solutions of processing.

Neue EU-Datenschutzgrundverordnung

Von ganz wenigen Ausnahmen abgesehen, sind auch die Schweizer Unternehmen vom neuen europäischen Datenschutzgesetz tangiert, das im Mai 2018 in Kraft tritt. Gemäss der EU-Datenschutzgrundverordnung (DSGVO) muss eine Firma präzise dokumentieren und darüber Auskunft geben können, wo genau es personenbezogene Daten speichert. Auch deren Lebenszyklen, also die Fristen für die Aufbewahrung, müssen immer klar definiert und eingehalten werden. Das heisst, dass ein Unternehmen seine Datenflüsse im Griff haben muss.

Schweizer Unternehmen können in einem EU-Land zur Rechenschaft gezogen werden, da das Gesetz auch extraterritorial wirkt. Betreibt also ein Schweizer Unternehmen mit den Daten der dortigen Bürger Missbrauch, kann dies schwerwiegende und kostspielige Konsequenzen haben. Verhängt werden können bei Vergehen Bussen von bis zu 20 Mio. Euro oder in der Höhe von 4 Prozent des globalen Umsatzes des Unternehmens – je nachdem, welcher Betrag höher ausfällt. Hinzu kommt eine Beweislastumkehr: Ein sorgfältiger Umgang mit Personendaten wird nicht nur vorausgesetzt, er muss neu auch dokumentiert werden. Intensiv mit DSGVO auseinandersetzen sollten sich all jene Schweizer Firmen, die einen Grossteil ihrer Geschäfte mit EU-Bürgern tätigen, grosse Mengen an Daten erheben oder aber besonders kritische und damit schützenswerte Daten verarbeiten.

Das Gesetz kann aus Sicht des einzelnen Bürgers als Fortschritt gewertet werden. Denn heutzutage erheben Firmen Unmengen an Daten, gerade auch jene im Finanzsektor. Daher sind diese Verschärfungen im heutigen digitalen Kontext durchaus berechtigt. Denn fallen die Datensätze in die falschen Hände, kann gar die Existenz einer Person auf dem Spiel stehen.

Die nötigen Anpassungen bringen aus Unternehmenssicht eine substanzielle Herausforderung mit sich, die nicht unterschätzt werden darf. Für die betroffenen Unternehmen beutet das neue Gesetz in erster Linie mehr Kosten, Aufwand und Bürokratie. Und nicht zuletzt steht auch ihr Ruf auf dem Spiel.

andrion unterstützt Sie dabei, die Deadline vom Mai 2018 einzuhalten.

Regulatory Reforms

Extensive regulatory initiatives determine the future development of the banking solutions.
The Swiss financial industry undergoes a period of substantial regulatory reforms. e.g. FATCA (foreign account tax compliance Act) was implemented in the year 2015. The Swiss National Bank (SNB) introduced by 2015 new reporting templates. It is also likely that further regulatory requirements will come into force, which must be met by the financial institutions.

In view of this, it is important to create a flexible reporting-platform for the company. This should be independent of the banks’ core system, so that adjustments can be performed promptly and cost-effectively. But of course attention must be paid to ensure the access to relevant data across the various business divisions.

The specialists of andrion could demonstrate their knowledge during the introduction of FATCA with one of our clients. We are looking forward to assist you with your regulatory projects.

Client Data Confidentiality

As an IT service provider for Swiss banks, we have specialized to the confidentiality of customer data.
No matter if it is “Anonymization” of customer data or “Need to Know” topics, always is the confidentiality of customer information in the foreground. Thanks to our long terms experience in this area, we are able to draw on our plentiful resources and covering the entire customer life cycle process:

  • Onboarding of customers
  • Completion of customer contracts (Waivers)
  • Processing of customer orders at interior and abroad
  • Order completion and customer letters

Too big to fail

Systemically relevant financial must to be aligned with the FINMA directives.

Systemically relevant financial institutions can, in time of crisis, jeopardise whole economics. In this regards the Swiss Confederation adopted directives, their implementation is supervised by the FINMA. These requirements aim to stabilize systematically relevant institutions, to rehabilitate or to remove in an ordered fashion from the market.

The major banks are urged to provide appropriate contingency plans to meet the above requirements. A part of these plans were already implemented by dividing the major banks into separate legal entities. In this regard particular attention was paid to unbundling settlement-related systems and operational activities of the various divisions. Andrion could, through the wealth of experience in the field of core banking, successfully support our customers in the implementation of the To-big-to-fail strategy.

In accordance with requirements of the Federal Council of the Swiss Confederation, the contingency plans are mandatory to be implement by end of 2019. The specialists of andrion support you to comply with this deadline.

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