Top international bank extends cooperation with SDS IREG Global Tax Reporting solution.

Usage of a one for all solution for FATCA, CRS and QI reporting, coverage of all country-specific standards and excellent support throughout the maintenance period is key for sticking to a successful solution. Cost-friendly operations with having one single instance for servicing multiple (up to more than 1,000) CIs and utmost reliability adds to the acceptance of SDS IREG with all stakeholders of the top international bank. The extended business package includes among others full regulatory upgrading of local and standard schemas for more than 60 countries. SDS IREG also provides full compliance for these and future participants of the AEOI mechanism (e.g. OECD) and/or regulatory changes.

Austrian based SDS is a leading provider of state-of-the-future software and service solutions for the international financial services industry. With SDS IREG, originally launched in 2011, the company also became one of the key global players in the market for end-to-end and fully automated tax reporting solutions. SDS IREGs specific design for the Automatic Exchange of Information (AEOI) using the highest degree of automation and withholding international tax reporting compliance in one single application improves the tax reporting capabilities of international financial institutions and service providers. In a nutshell: A future-proof solution through a broad and top-level global customer base, continuous development and an ever-adapting product roadmap.

SDS is further expanding its compliance solutions business in Benelux.

VIENNA, March 27, 2019¬†—¬†With the recent signing of an additional contract with a leading Benelux bank, SDS jump-starts its compliance solutions business in the region.

SDS (Software Daten Service) is a well-known technology solutions provider focusing on state-of-the-future software-products and related services for the international financial industry. With soon over 100 million transactions a year, SDS will also become a leading player in the European banking technology markets.

With SDS CCONFORM, a leading Benelux bank has obtained an excellent solution for the recognition and documentation of compliance-relevant incidents in accordance with MAD/MAR and the associated regulations on securities compliance. Or in short: State-of-the-future compliance monitoring for securities processing that is compact, exhaustive and highly reliable. In addition, with SDS CCONFORM the bank will sustainably profit from a solution which is fully compliant with the Market Abuse Regulation and Directive of the EU, from the ability to combat insider dealing and market manipulation in European financial markets successfully and the minimisation of financial risk and damage to the bank’s reputation.

The comprehensive SDS portfolio ranges from global securities and derivate processing solutions over automated regulatory, tax and compliance reporting solutions to solution-based consulting and professional testing services. Today, more than 3,000 financial institutions worldwide with over 10,000 users in +80 countries trust in SDS and its sustainable business values.

SDS Software Daten Service strengthens management team with Erste Bank top-manager.

As the market leader for solutions for financial market operations in the DACH region, the Austrian subsidiary of T-Systems International is strengthening its position with a top-class appointment. SDS (Software Data Service) is one of Europe’s leading providers of digital solutions in the area of financial market operations, regulatory reporting and compliance for the international financial services industry. In order to further expand the company’s continuous growth based on the corporate credo “Setting Digital Standards”, SDS will strengthen its position with Niv Graf as Head of Service Delivery Management International from November 2018. Niv Graf has more than 15 years of experience in managing projects within and outside the banking and IT environment. Most recently, he held various management positions in the Erste Group as head of department. In his new role, he will be responsible for product management as well as release and project management. “We are very pleased to have Niv Graf joining SDS. His focus will be on strengthening the innovation power, adaptation and expansion of the SDS portfolio as well as on the continuous expansion of our recognized high service quality,” adds Ernst Kendlbacher, SDS Managing Director.

SDS is further expanding its market share in Germany

With the transfer of the securities processing of Commerzbank to HSBC Transaction Services, a significant percentage of the German transaction volume will be settled with the SDS security processing platform GEOS.

The cooperation with Commerzbank almost doubles the transaction volume of HSBC Transaction Services processed via GEOS. This makes SDS Software Data Service one of the largest providers of standard software for the financial industry in Europe.

GEOS covers the entire value chain of the securities business, from securities orders through settlement to the processing of corporate actions (such as paying a dividend) for a wide range of securities classes in one solution. The range of services is supplemented by software solutions for compliance with regulatory requirements such as MiFID II, CRS, FATCA, QI and MAD / MAR.