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KBC chooses SAS® for central group-wide risk reporting
New solution will enable KBC to meet and implement new and future risk reporting requirements and Solvency II guidelines.
Tervuren, 24 February 2011
KBC has chosen SAS® Risk Management for Banking and Insurance and SAS® Financial Management from the leader in business analytics software and services, to provide them with a central, group-wide risk reporting solution that will enable KBC to obtain a consistent and quick view of the overall risk exposures across risk types, departments and geographies.
This new solution will enable KBC to swiftly implement any new and future reporting requirement, including Solvency II guidelines. All aspects of the group-wide risk reporting process will be covered including: data integration and storage of different risk results, data quality monitoring, reconciliation of finance and risk numbers, risk aggregation, internal reporting on all risk types, data exploration, and regulatory reporting (Solvency II). All this of course supported with extensive workflow capabilities.
KBC is a banc assurer that focuses on its home markets in Belgium and Central and Eastern Europe (Czech Republic, Slovakia, Poland, Hungary and Bulgaria). KBC’s headquarters are located in Brussels (Belgium), the heart of Europe. The group employs around 54 000 staff and caters for 12 million customers. KBC Group NV is listed on NYSE Euronext Brussels (ticker symbol 'KBC').
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