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Cecabank Report 2018
Our business model
It also offers comprehensive collateral management services, EMIR services
and MiFID II services.
The services provided by the Treasury and Risk Services Centre give all
types of financial institutions, public administrations, collective investment
institution management companies, and corporates, access to standard
computer applications specialising in the different activities of a Trading and
Risk Room, run by leading providers in the national and international markets.
Cecabank has 2 clear competitive advantages: the excellence of processes
and the flexibility to take on board regulatory and market changes.
Over the course of 2018, the scope of services has expanded both in terms of
the number of users and the range of services covered.
Within the scope of the entity's digital transformation project, the Agile
development methodologies have been implemented with the aim of
reducing the time-to-market and improving user experience. As an answer
to the growing trend of using mobile devices and the rapid evolution of
their characteristics, a mobile solution has been developed by combining
the latest developments in technology, design and innovation in order to
improve user experience and its interaction with the Risk and Treasury
Management Platform.
Bonds Platform
The Bonds Platform enables small savers to invest in public and private
fixed-rate bonds through the entities' online channels. By digitising their
contracting, we have likened the offering of fixed-income products to other
financial products made available to clients, such as equity and funds.
The MiFID Compliance Platform, developed under the new MiFID II regulation
in force since January 2018, has been created as a white-label product
in which Cecabank has no direct relationship with clients of the financial
institutions, which can expand their offering of investment products.
The project has been developed by Cecabank with the support of expert
consultants. It is adaptable to the needs of the using entity and offers firm
price quotations in a universe of liquid bonds that is sufficiently appealing
and extensive for all profiles.
In 2018 the development project was completed in all its areas: integration
in Cecabank's online banking, messaging with other applications,
connectivity with suppliers, MiFID contracting flows, screen design, usability
and issue management.
The commercial activity has also begun, and conversations have been held
with clients within and outside Cecabank's environment.
23
Financial institutions,
Public Authorities, SGIIC
and corporates
We manage collateral
contracts of
10
entities
The bond platform offers firm price
quotations in a universe of liquid
bonds that is sufficiently appealing
and extensive for all profiles
4 | 4.2