VIENNA, Feb. 21, 2019 /PRNewswire/ — Union Investment is the asset supervisor of the cooperative economic institution in Germany and manages greater than 330 billion euros for private and institutional buyers. Union Investment is one of the leading fund agencies in Germany. In destiny, Union Investment will depend on the help of the revolutionary hazard management platform FinAPU for its inner credit score risk evaluation. FinAPU permits networked chance management and a credit risk assessment of securities and issuers in actual time. The threat fashions, approaches, and features implemented at Union Investment were tailored to the EU Money Market Fund Regulation requirements and aligned with the organization’s necessities.
Flexible workflow layout allows the combination of in-residence methods “Thanks to the regulatory expertise of the persons concerned, we had been able to modify models and procedures correctly and benefit from the experience with auditors and banking regulators,” specifies Sebastian Schäfer, answerable for the implementation of the brand new EU Money Market Fund Regulation on the portfolio management group of Union Investment, describing the benefits of the brand new cooperation with FinAPU.
“We are satisfied that the user-pleasant and stringent design of the rating utility ensure superb consequences. At some point in the implementation phase, the mission became mixing different databases and processing large quantities of statistics. The excessive records exceptional of the enter parameters due to the close cooperation with installed statistics vendors may be very beneficial.”
Because FinAPU accommodates master, owner, and fundamental information of 31 million entities, which might be robotically linked, evaluated, and sent to described tactics and fashions. The successful software at Union Investment proves that FinAPU provides a valuable contribution to the core duties of fund companies.