TechTaffy

tech:

taffy

ABN AMRO chooses Wolters Kluwer and SAS for reporting software solution

By TechTaffy Desk

ABN AMRO, the third largest bank in the Netherlands with more than 22,000 employees, has chosen Wolters Kluwer and SAS to provide an integrated finance, risk and regulatory reporting software solution.

The implementation of the software is part of the bank’s major transformation project, the Finance and Risk Architecture Alignment Initiative (FRAAI), which is designed to meet increasing requests internally as well as from regulatory bodies for ever more granular or different data within shorter time lines, according to a statement from the companies.

As part of integrated application landscape, ABN AMRO will use SAS risk and finance capabilities including data management and visualization, finance and risk analytics, enterprise model risk management and process orchestration.

ABN AMRO will also use Wolters Kluwer’s OneSumX for regulatory reporting, along with OneSumX for Finance and OneSumX Asset and Liability Management (ALM). OneSumX ALM is a centralized data repository, combining contract data, balance sheet structures, counterparty and market data complements.

SAS and Wolters Kluwer will create an exchange layer to connect their respective software components.

[Image courtesy: SAS]

Just in

IT

Cloudflare acquires Baselime

Cloudflare has acquired Baselime, a cloud-native observability platform provider. Financial terms of the deal were not disclosed.
Fundings

Blaize raises $106M

El Dorado Hills, CA-based AI computing company Blaize has raised $106 million.
Fundings

Rivos raises $250M

Santa Clara, Calif.-based Rivos, a RISC-V accelerated platform company focusing on data analytics and Generative AI, has raised $250 million in its Series A-3 funding round
Industry

IBM, Canada, and Quebec invest $137M to strengthen semiconductor industry

IBM, the Government of Canada, and the Government of Quebec announced agreements to develop the assembly, testing and packaging capabilities for semiconductor modules at IBM Canada's plant in Bromont, Quebec.
Around the web

Net neutrality is back: U.S. promises fast, safe and reliable internet for all — NPR

Consumers can look forward to faster, safer and more reliable internet connections under the promises of newly reinstated government regulations, writes Emma Bowman of NPR.