Alpha Bank – Systemic: success partnering

Embarking on a transformative journey in 2015, Systemic forged a dynamic collaboration with Alpha Bank, igniting a revolution in regulatory compliance and operational prowess. The partnership commenced with the seamless integration of EMIR regulation into Alpha Bank’s Treasury operations across Greece and its four subsidiaries, laying the foundation for a future of unparalleled efficiency, innovation, and regulatory acumen.

In 2018, this alliance blossomed further with the implementation of the MiFID directive and cutting-edge ARM reporting for OTC transactions, empowering Alpha Bank to navigate the complexities of the financial landscape with confidence, finesse, and regulatory precision. Simultaneously, Systemic addressed the bank’s imperative for enhanced customer engagement, delivering automated solutions for generating statements, confirmations, and settlements for all OTC transactions, cementing Alpha Bank’s reputation as a customer-centric institution.

Fast forward to 2021, Systemic reinforced its unwavering commitment to Alpha Bank’s success by introducing cutting-edge back-office software for transactions clearing on Energy & Gas Markets. This strategic move not only streamlined operations but also positioned Alpha Bank at the forefront of market innovation, driving growth, and profitability.

Despite challenges such as integrating diverse banking systems and adhering to stringent security protocols, Systemic’s bespoke solutions ensured a seamless transition, delivering unparalleled efficiency gains, cost savings, and regulatory compliance for Alpha Bank.

Today, Alpha Bank stands as a beacon of excellence, empowered by Systemic’s innovative solutions and unwavering dedication. Together, we continue to redefine industry standards, driving Alpha Bank towards a future brimming with success, distinction, and limitless possibilities.

Summarizing what Alpha Bank has gained:

  • Time to market. Due to the flexibility and architecture of RiskValue to cover broad range of asset classes and financial instruments, any new regulatory obligation and business requirement is easily adapted without data management effort and interfaces with other databases.
  • Efficiency in daily processes through full-automated reporting facilities, controls, and validation messages.
  • Better organization and communication between multiple internal users. (i.e. Common central operations between different Bank’s departments) 
  • IT budget

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