Home | Contact | News | imprint Contact ARZ General Rechenzentrum GmbH Tschamlerstrasse 2, 6020 Innsbruck Grasbergergasse 13, 1030 Vienna Anton-Melzer-Str. 11, 6020 Innsbruck Brehmstraße 12, 1110 Vienna Telephone: +43 (0) 50 4009 - 0 Fax: Vienna: +43 (0) 50 4007 - 5505 Innsbruck: +43 (0) 50 4007 - 1382 ARZ News 06/26/2015 GMP: Common reporting platform The reporting costs for the banks in Austria are too high! That was the result of a survey initiated by the WKO, which in 2012 identified costs of 50 to 80 million euros pa for all Austrian credit institutions for developing and preparing the required reports to the supervisory authorities. A management consultancy was then commissioned to investigate how these could be reduced in the long term. The result of this investigation is the basis for the creation of the GMP, the common reporting platform. The idea behind GMP GMP is intended to replace today's documentary reporting system by supplying a common, uniform data pool at individual transaction level in the medium term. Based on this data pool, the so-called basic cube, prescribed messages (smart cubes) are created using standard software based on various legal sources (e.g. BWG, DevG, ECB regulations, EBA-IST). Most of the Austrian banks have decided to tackle this challenge as part of a joint project. In addition to ARZBanken, these are Erste Bank Group AG, 3 Bankengruppe / Oberbank AG, UniCredit Bank Austria AG (Bank Austria), BAWAG PSK and, since autumn 2014, the Raiffeisen Group. A separate company, Austrian Reporting Services Ges.mbH, or AuRep for short, was founded, in which the standard software mentioned is operated and the SMART cubes are generated. The creation and programming of the software was transferred to Bearingpoint after a selection process, which - building on their existing ABACUS / DaVinci solution - implements the requirements of the OeNB according to the tight schedule. The Raiffeisen data center in Vienna acts as the data center location. The project A large number of different details must be taken into account in the context of this project. In addition to the creation of the specifications, which are based on the respective data model versions published by the OeNB, and the implementation of the resulting requirements for the interface and changes in the Arctis core banking system, the processes of data transmission and transmission, data quality management and training courses are also important Implement the rollout of the mapping logic and the software. Various detailed projects were set up for this purpose. Status and schedule The basis for data transmission to AuRep is mainly the ZDP, enriched with data from other interfaces, for example from RIWA. Ongoing adaptations and expansions of the ZDP or the interfaces for filling it (Spec) result on the basis of the requirements from the specification. The test transmission of the basic cube data for the first SMART cube, the securities cube to replace the emissions statistics, took place for the first time in April 2015 with the end of March data. Hypo NÖ was the first bank in Austria to work closely with AuRep to generate the SMART Cube and successfully transmit it to the OeNB. From the end of June 2015, the test operation will be transferred to production operation. The next, far greater challenge is the credit cube. In order to be able to fill this, far-reaching adjustments in the core banking system are necessary (recognition of new business, trade in receivables, expansion of date fields). The resulting scheduling problems, which obviously affect the entire banking landscape in Austria, led to the originally communicated timeline being postponed by at least two months. Nevertheless, it is important to make the best possible use of the additional time and to continue working with all your might! After the credit cube, the deposit and general ledger account cube, the FMS (financial market stability) cube and FinRep-Solo are pending. It can be assumed that this will not be the end of the flagpole and that further requirements will be added. So we won't get bored in the next few years! A challenge for everyone The changes in the requirements combined with the tight, specified timeline require tight project management. And that with all parties involved! Starting with the software supplier, through AuRep, the ARZ and, last in line, the banks themselves. These have to rethink the reporting system at short notice. It was previously possible to correct the document-based messages at the reporting item level, but this will no longer be possible with the Smart Cubes. In the future, it will increasingly be the task of those responsible for reporting to ensure the data quality in the core banking system in order to avoid extensive corrections after the basic cube has been filled. A faultless filling of the basic cube is the ultimate goal in order to be able to submit reports within the reporting deadlines. It is currently not possible to estimate whether the targeted savings potential can be achieved. In a few years we'll be smarter. We'll keep you up to date! Mag. Florian Graiff back © ARZ General Computing Center GmbH