ADWEKO extends FSDM2OneSumX adapter for reporting system integration of OneSumX
As support for the SAP Credit Risk Analyzer (SAP CRA) is coming to an end, SAP is working hard to expand its SAP Financial Services Data Platform (SAP FSDP) into a comprehensive platform for financial services institutions with specialist applications from leading providers. To this end, SAP is working closely with software vendors and development partners.
With its experience in connecting the Wolters Kluwer risk software to SAP FSDP, ADWEKO is the ideal development partner for SAP in this area as well. Together with Wolters Kluwer, ADWEKO is already in talks with customers who are interested in the FSDP-OneSumX combination for reporting due to the SAP CRA replacement. From the customers' point of view, the complete package offers considerable advantages:
- SAP HANA as a modern in-memory database with the generic data model FSDM, which is able to meet all analytical requirements for bank management
- OneSumX for Risk and Reg Reporting as internationally established standard software from one source
- ADWEKO as a strong partner who brings the technical and professional know-how to connect both worlds
In addition to the synergy effects resulting from a software producer for risk management and reporting, it should be emphasised that both the risk indicators for internal bank management and for reporting to the supervisory authorities come from a single source, which is ideal within the meaning of BCBS 239.
The extension of the ADWEKO FSDM2OneSumX adapter for OneSumX for Reg Reporting now aims at covering the entire range of banking business for regulatory reporting.
In a first step, the adapter will be developed for account products, general and subledger, loans and securities.
In the next steps, derivatives, netting agreements, syndicate constructs and collateral will be developed.