RZB Chooses Thomson Reuters For Enterprise Platform Technology

Thomson Reuters has been selected by Raiffeisen Zentralbank AG (RZB) to provide its Enterprise Platform technology to support an enhanced market risk control and value at risk reporting system across the RZB Group. RZB conducted a thorough competitive review and selected Thomson Reuters for its advanced data orchestration capabilities which gives RZB the flexibility to integrate data seamlessly within its own and third party systems. As a result of business expansion, RZB is establishing a new market risk infrastructure which will provide the bank with the ability to hedge its portfolios more effectively, enabling substantial savings in hedging costs.

RZB's enhanced market risk management system will be supported by the complete Thomson Reuters Enterprise Platform including: Reuters Reference Data System (RRDS) which will acquire, cleanse and store market data, along with derived market data and risk factors; Reuters Enterprise Integration Engine (REIE) which will provide data orchestration between the Thomson Reuters components and RZB developed components and third party systems, and will also integrate real-time data seamlessly from the Reuters Market Data System (RMDS). The system enables the holistic management of both real-time and non-real-time market data in a common data model, along with powerful data management capabilities. "We chose Thomson Reuters Enterprise Platform because it fits in with our component based approach to build up a highly flexible market risk management system," said Alexander Tsorlinis, head of market risk management RZB, in a press release.