Designed to provide single, end-to-end information governance for regulatory record management, the new platform will assist to boost trading efficiency by automating key front- and back-office processes.
In order to ensure that the compliance processes are comprehensive, defensible and less resource-intensive, Autonomy ECM applies the legal entity identifier (LEI) and unique swap identifier (USI), and binds the records ready for handover to the regulator.
HP Autonomy enterprise content management general manager Neil Araujo said that the platform offers financial organizations with the technologies they need to take control of their information for compliance, efficiency and, ultimately, competitive advantage.
"Autonomy enables financial institutions to address new regulatory needs and challenges, identify and manage risks and streamline business processes, through intelligent automation and advanced information management," Araujo added.
The new technology will allow the Dutch lender to meet the Dodd Frank Act’s reporting and record-keeping requirements.
Using the new technology, the bank can capture all pre- and post-trade records from both its transactional systems, as well as the unstructured, human information found in emails, voicemails and Microsoft Office documents.
The new software also automates many important document-management practices such as term sheets, legal agreements and trade confirmations from across the sales, trading operations, legal and credit teams, to improve operating efficiency.
Trading in 30 nations across the globe, Rabobank Group manages 530 banking branches and provides an array of financial services to individuals and businesses, including over-the-counter derivatives, foreign exchange, money markets and securities.
