Basel II aims to promote ‘safety and soundness' in the financial system by allocating capital in organizations to reflect risk more accurately. This can be achieved with the combination of effective bank-level management, market discipline, and supervision. Basel II impacts the entire spectrum of banking, including corporate finance, retail banking, asset management, payments and settlements, commercial banking, trading and sales, retail brokerage, agency and custody services.

A successful Basel II implementation requires synergy between data management and banking business knowledge. Aztecsoft is well positioned to address the compliance needs of financial institutions because of its depth of experience working across various technologies, platforms, its strong data management capabilities and partnerships with solution vendors with a deep competency in Basel II.

The solution is open, flexible and extensible enabling clients to measure and manage market, credit and operational risk, and satisfy Basel II regulatory requirements.

Anti-Money Laundering

Anti-Money Laundering (AML) requires financial institutions to track potential fraudulent and suspicious activity by gathering and analyzing financial transaction information from across the enterprise. It imposes a requirement on banks to spot anomalies in customer behavior that may be indicative of fraud. Transparent, reliable reporting capabilities enable banks to accurately report results. Working with AML solution partners, Aztecsoft leverages its strong data management and business intelligence capabilities so clients can take steps to proactively reduce fraud, meet government regulations and protect shareholder confidence; all while maintaining a strong business reputation.

A robust AML solution is based on the following key elements:

Reference Data Management is a high priority area for most CIOs in the securities industry today. This is due to the increasing cost of managing duplicate data for various geographies, failed trades, and compliance requirements, such as Anti Money Laundering and 'Know Your Customer'.

Working with partners, Aztecsoft can provide a "Reference Data Management Framework" that includes defining Reference Data strategy, performing gap analysis, and implementing and maintaining enterprise-wide Reference Data.