Banking Concepts AG has a large wealth of experience which we have broken down into project task and country of execution in the following overview. Simply click on a project task to get additional information on the specific project.
|Automatic Exchange of Information / OECD-CRS – EU DAC2|
|US QI-Reporting und Extension („871(m)“)|
|Financial Transaction Tax (FTT, France and Italy|
|EUSD implementation large banks|
|EUSD implementation, investment fund company|
|Payment Services Directive 2 (PSD2)|
|Implementation of MiFID II|
|Set-up of Accountancy on New Avaloq System|
|Replacement of SPV’s Administrator|
|Implementation of „Industry Account Switching“|
|Payment Card Industry Data Security Standards (PCI/DSS)|
|Debit- and Credit card Marker|
|Mobile Payment solution|
Various projects German final taxation
- Complete business specification, core banking system Avaloq, for a foreign private bank in Frankfurt and various private banks in Switzerland, Liechtenstein and Luxembourg
- Business and IT-specification for client and security master data, core banking system Olympic, for a foreign private bank in Frankfurt
- Business specification in some subareas for a German transaction bank
- Testing strategy and test cases for onshore and offshore banks
- Test execution, core banking system Olympic
- Manual creation of consolidated earnings statements for 2009
Specification tax requirements
Requirements specification for Italian client taxation (end-to-end) from 2002 – 2007, in core banking system Olympic for a foreign private bank in Milan.
Requirements management taxation, core banking systems
Definition, extraction and transfer of tax relevant data from Avaloq to OBS within a bank merger project. Set up of the rules and especially the field-mapping as base for the migration.
Functional support for the client’s tax department of a major German private bank for client’s and product’s taxes.
Business analyses, management of sub-projects and test management for a major Swiss bank
Support of several banks for the implementation of BearingPoint’s „Easy Tax“ including functional support on taxes.
Extension of the GE-Tax rule sets for determination and validation of WM-Data in order to support self declarations of German clients, for the years 1999-2012.
RFP for outsourcing tax reporting, family office
Tax reporting market analysis and expert monitoring RFI
Market research on providers of tax reporting solutions for various European countries on behalf of a large Swiss bank. Objective: multinational tax reporting for different countries out of Switzerland.
Inhouse tax seminar
Planning and conducting of a tax seminar for a leading international investment fund company, education on different European tax laws on different sites across Europe. The client was awarded with the European Training Programme of the Year’ award in 2007 for organizing this seminar.
Review international tax reporting
Review of a strategic solution for the implementation of tax reporting requirements of a large international bank with various on-shore booking centers. Issues: centralization vs. decentralization of tax reporting, outsourcing possibilities.
Manual German tax reporting
Checking of tax reportings UHNWI
WM-data for tax reporting
Development of tax categorization for financial instruments on behalf of a Swiss bank in Frankfurt. This development is the basis for the service GE-Tax, additional information you may find under WM-data.
Overview requirements client taxation
Analysis of local tax requirements for various European countries to estimate the required development and implementation effort for banks and software providers, in particular the identification of the country-specific relevant tax kinds and their calculation requirements.
Back-office seminars (client tax reporting)
Several seminars for employees regarding regulatory and operating requirements as well as user training for implemented client tax reporting solutions.
Analysis of the impacts that the implementation of the Automatic Exchange of Information has on existing tax regulations like EUSD and final withholding taxes. Implementation support – definition of business requirements.
Management of sub-project (business and IT) and business analysis for creation of a prototype for screening of clients. The customer is an international private bank with branches in several Asian and European countries. This „Pre Existing Account Review“ comprises of complex data base queries for client’s breakdown, a case management tool to process detailed client’s analysis and several components to ensure quality (e.g. plausibility).
Assessment of implementation and test concept of FATCA solution for a major international software company.
US QI-Reporting and Extension („871(m)“)
Business analysis for the implementation of the US QI regulation with respect to certain derivative instruments and structured products (“871(m)”) for a major Swiss bank. Definition of business requirements, especially with respect to tax calculation and client determination for a new in-house software solution.
Creation of the business specification including process organization for Italian FTT for a German bank acting as BPO-Provider. This included definition of differences towards French FTT and defining an integrated process for taxes for both countries. Manage implementation of reporting, payment, client’s booking – including corporate actions.
EUSD implementation, large bank
Business and IT-specification for the implementation of the requirements of the European Savings Directive (EUSD) in different European countries, core banking system Olympic, among others development of an alternative solution for tax calculation and reporting for Monaco and Switzerland.
EUSD implementation investment fund company
Business specification for the implementation of the requirements of the European Savings Directive (EUSD) for a leading international investment fund company, system: GP2/Sunguard and various add-on applications.
Payment Services Directive 2 (PSD2)
Design of IT architecture and changes in the core banking solution for the implementation of the Payment Services Directive 2 at an international private bank.
Open Banking (UK)
Analysis of regulatory requirements of „openbanking.org.UK“ and EU-directive „PSD2“ for an international bank in the UK. Defintion of requirements for target architecture and their components considering both third party request as well as requests to third parties, including support for development and testing.
FIDLEG / FIDLEV
Analysis of regulatory requirements of Swiss Financial Service Act (FinSA) as well as the respective implementation provisions for a Swiss core banking system provider. Coordination with the client banks for scoping, priorisation and implementation of requirements. Support during development and testing.
Implementation of MiFID II
Implementation of MiFID II in the areas Product Governance and target markets
Implementation of the new accounting rules for 2 retail banks in Switzerland on the Avaloq-system. Development of the business and implementation concepts, provisioning of banking expertise, data reconciliation including the development of the required tools, cut-over and test management.
Consistent platform for product, pricing and contracts
The product catalogue as preliminary stage for client specific service contracts, including selectable pricing models. Supporting a major Swiss bank with pricing requirement definition for a technical solution of modularised service contracts.
Modularisation of product- & services catalogue (incl. processes)
Divide the bank’s value chain into modular products and detailled services, including service description, mandatory vs. optional service components, pre-conditions, assignment to business area, sales support, etc.. The process defintion for each service component has been used as a distinction and for the adaption to other service components.
The objective was to establish one major product catalogue covering all requirements from product management, sales, controlling,compliance as well as using this instrument for the purpose of sourcing decisions and SLA-definition.
Intranet based product information system, including directives
Requirement definition and implementation support for a products and product components visualisation solution for a private bank in Liechtenstein, intended for usage by the banks employees, including compliance.
Relevant directives for product and services have been incorporated, showing all directives related to a product/service as well all products related to one directive.
Setup activity based costing
Identification and definition of criteria separating services flows, definition of services and processes for implemention of an automated activity based costing solution, including support for testing for a Swiss retail bank.
Task force management for regulatory reporting interface
Task force setup and management for a new interface for regulatory reporting for a Swiss core banking provider.
Analyses, definition and implementation of requirements for the accountancy for two Swiss retail banks. Setup of:
- balance sheet structure
- accountancy rules according both statutory and True & Fair requirements
- position keeping and valuation of bank’s own positions
- position keeping and valuation off balance sheet positions
- depreciation, accrual and deferral positions
- posting rules
The Special Purpose Vehicle (SPV) was engaged in the USABCP market to gather liquidity for the principal. The Administrative Agent of the SPV had to be replaced within a tender procedure. Creation of decision criteria and rules together with the executive board of the principal. Processes were taken for all steps of issuing (dealers, investors, depository). Assessment of possible taxation in the US. Creation of tender documents, select bidders for long list, manage procedure till decision for one party.
IT project management for the implementation of the ‘Industry Account Switching’ service for a large UK based private banking unit. The Industry Account Switching service is a mandatory service especially for private clients and particular other clients to ease switching current accounts and related products to another bank within 7 working days.
IT-project management, parametrization and data migration for the implementation of the ‘Payment Card Industry Data Security Standards’ (PCI/DSS) for a bank in the UK including the branches in Europe and Asia.
Debit- and Credit card Marker
IT project management for the implementation of travel and spend markers on debit- and credit cards for the UK business unit of an international private bank.
Mobile Payment solution
IT project management for the implementation of a mobile payment solution for an international private bank.
User training for core banking system (Accounting, Avaloq)
Employees training for the accounting solution in a new core banking system (migration).