About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Pictet Integrates Wolters Kluwer Risk and Reporting Solutions to Create Single Platform

Subscribe to our newsletter

Pictet Group is extending its use of Wolters Kluwer Financial Services solutions with the addition of the supplier’s financial risk management software to existing regulatory reporting capabilities. The Geneva-based asset manager has started to integrate the solutions with a view to creating a single platform and standardised data management processes across its risk and finance functions.

Pictet selected the Wolters Kluwer Financial Services risk management software, which will replace a competitive vendor solution, to meet its requirement for an integrated and scalable solution to automate asset and liability management, liquidity risk and market risk. The software also provides indicators such as value at risk, capital requirements and liquidity ratios, and supports business and regulatory requirements for stress testing, dynamic simulations and reporting. Implementation of the software started recently at Pictet’s head office in Geneva and is expected to be complete by the end of the first quarter of next year.

Emmanuel Duterme, risk manager at Pictet, says: “Wolters Kluwer Financial Services’ integrated platform provides us with the ability to conduct more advanced risk measures and handle multiple positions, including complex derivatives, enabling a more in depth understanding of our trading risk portfolio. It also allows us to add additional finance capabilities, such as funds transfer pricing and consolidation, at a later date.” On the combination of the Wolters Kluwer Financial Services regulatory reporting and financial risk management solutions, he adds: “Integrating the solutions on one platform made sense from both a regulatory and business standpoint.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to develop a reporting framework for ESG disclosure regulation

ESG reporting is a challenge and additional burden for many financial institutions as regulations continue to evolve, ESG data management is complex, and global standards remain elusive. Helpful solutions include reporting frameworks that support the collection, understanding, and management of ESG data for disclosure. This webinar will provide practical guidance on how to build a...

BLOG

Solidatus Takes Snowflake Horizon Governance Solution to the Next Level

Snowflake partner Solidatus has expanded the capabilities of Snowflake Horizon, Snowflake’s built-in governance solution, with the addition of active metadata management and visualisation. These additions provide dynamic end-to-end blueprints of data landscapes that enhance data observability, boost governance and compliance, reduce risk, improve operating efficiency, and fast-track Snowflake migrations. Solidatus dynamic data blueprints can include...

EVENT

Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...