Following analysis of available liquidity reporting platforms, SWIFT Scope has been highlighted as the ILR solution of choice for GTB at Deutsche Bank, a global service provider to other financial institutions.
Brussels, 19 July 2016 – SWIFT Scope has been named by Deutsche Bank Global Transaction Banking (GTB), a global services provider to other financial institutions, as the preferred solution for intraday liquidity reporting requirements.
SWIFT Scope is a flexible, automated, end-to-end business intelligence solution that is easily tailored to collect and consolidate data, and provide the analysis required to effectively monitor and report intraday liquidity flows.
SWIFT Scope supports compliance with the Basel Committee on Banking Supervision’s (BCBS) requirements for banks to send a detailed report to their regulator on a monthly basis about the intraday liquidity flows for every country and currency in which they operate. By January 2017, all internationally active banks must comply with the BCBS 248 monitoring requirements.
"The Basel Committee on Banking Supervision requirements aim to enable banking supervisors to monitor a bank’s management and intraday liquidity risk and our clients are looking for data to support active liquidity management. SWIFT Scope provides an excellent Intraday Liquidity Management solution to meet these requirements," says Andreas Hauser from Institutional Cash Management, GTB at Deutsche Bank.
SWIFT Scope can help financial institutions to look beyond regulatory compliance and harness intraday liquidity reporting as a powerful business tool to support active liquidity management.
"We are delighted to work with GTB at Deutsche Bank and to support its financial institution clients with their intraday liquidity reporting and other business intelligence requirements," says Michael Formann, Head of SWIFT Germany & Central Europe,. "SWIFT Scope is a tailored, modular solution that can comply with the BCBS 248 reporting requirements and enable banks to do analytics on the data collected and leverage the insights gained for liquidity management purposes and other requirements."
SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services.
We provide our community with a platform for messaging and standards for communicating, and we offer products and services to facilitate access and integration, identification, analysis and financial crime compliance.
Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories, enabling them to communicate securely and exchange standardised financial messages in a reliable way.
As their trusted provider, we facilitate global and local financial flows, support trade and commerce all around the world; we relentlessly pursue operational excellence and continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies.
Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centres.