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 organise, integrate and structure data for successful AI

Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are limited only by the imaginations of individual organisations. What they all require to achieve...

BLOG

Snowflake Retools Cortex to Offer FSI Tailored AI Capabilities

Snowflake’s Cortex AI features has been enriched to provide financial services companies with agentic artificial intelligence capabilities honed to their specific needs, the first of a planned suite of editions focused on individual industries. Cortex AI for Financial Services will feature all the functionality of the platform’s Cortex features but will offer clients large language models that...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...