Are you ready for IFRS 9? Structured, assured, cost effective IFRS 9 compliance solutions from Sopra Steria

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1 Are you ready for IFRS 9? Structured, assured, cost effective IFRS 9 compliance solutions from Sopra Steria

2 Are you ready for IFRS 9? Structured, assured, cost effective IFRS 9 compliance solutions Time is running out With the deadline for International Financial Reporting Standard 9 (IFRS 9) adoption fast approaching, financial services organisations need to ensure they are compliant ahead of the 1st January 2018 go live date. Many are already making plans for the deployment, execution and on-going management of compliance but others are still considering the best way to move forward. And time is running out. Many financial services organisations are concerned about the on-going time, rigour and manpower required to ensure full IFRS 9 compliance. That s why an increasing number are looking to partner with an external specialist to ensure compliance, mitigate the risk of deployment and deliver a successful and timely implementation. What is IFRS 9? IFRS 9 is a new far-reaching regulation that will change the way banks classify, measure and account for assets, most notably through the calculation of impairment. As the replacement to IAS39, IFRS 9 includes a logical model for classification and measurement, a single, forward-looking expected loss impairment model and a substantiallyreformed approach to hedge accounting. This new requirement will involve the collection and tracking of information not previously used in impairment modelling or existing regulatory capital approaches. Crucially, it will require the introduction of totally new processes and ways of working. Taking the journey to IFRS 9 compliance and beyond In order to ensure compliance, most financial services organisations will require significant changes across finance, risk and IT departments. Success will depend on the availability, quality and understanding of credit risk data and the associated tools used to analyse it. This is where the range of high quality credit risk solutions and services from Sopra Steria and Sopra Banking Software can add value in achieving IFRS 9 compliance. Sopra Steria trusted to deliver complex compliance solutions At Sopra Steria, we are experts at delivering complex end-to-end compliance solutions. Our proven track record of dealing with new and emerging regulation means we can be trusted to deliver accuracy and excellence on time and to budget. In association with Sopra Banking Software, we enable financial services organisations to incorporate new ways of working and to build in high level monitoring and oversight of compliance activities. We specialise in developing flexible and scalable solutions and services that meet the requirements of today s increasingly regulated environment. 2 IFRS 9 Are you ready?

3 Comprehensive and high quality IFRS 9 accredited credit risk solutions At Sopra Steria, we take a holistic approach to the management of credit risk and understand its vital role to the on-going performance of the business. That s why we have developed a range of specialist solutions and services to manage the data, analytics and technology required to ensure the smooth operation of the credit risk function. Tailored solutions to meet specific IRFS9 needs We offer a range of IFRS 9 solutions from basic to integrated according to requirement and budget. Our entry level solution empowers IFRS 9 compliance with manual corrections and co ordination Our intermediate offering delivers compliance using automation and high data quality control in a stand-alone solution Our top level integrated service offers an agile and synchronized solution, based on large data sources and references to deliver a fully integrated and automated risk, regulatory and financial reporting solution Where are you? Integrated solution Basic 1 Fulfilment of the minimum requirements with manual corrections and co-ordination. Intermediate 2 Stand alone solution. High data quality control, more automation. 3 Standardised and synchronized solution. Based on large data sources and references. Risk, Regulatory & Financial Reporting are integrated and stay Agile. IFRS 9 Are you ready? 3

4 A fully integrated approach to IFRS 9 compliance and execution Our proven approach encompasses four key areas: Consulting Consultancy services span our clients IFRS 9 execution requirements Sopra Steria brings a depth of IFRS 9 consultancy experience across Data & Analytics, Software Solutions and Integration services Software Our IFRS 9 Engine, Provision Management, provides a flexible yet auditable environment for determining Impairment Provisions Provision Management can be deployed stand alone or as part of a wider Credit Risk Measurement Suite ECL Rule Set Our IFRS 9 proposition includes a compliant ECL rule set to aggregate PD, LGD and EAD Provision Management is configured to allow for a client tailored ECL rule set Integration As a European Leader in Systems Integration Sopra Steria is a trusted partner for IFRS 9 IT implementation 4 IFRS 9 Are you ready?

5 Structured, assured and cost effective roll out We have adopted a structured approach to IFRS 9 execution: Key stages of our IFRS9 implementation Requirements Build Validation Deployment Maintenance Data Data & models Methodology Post implementation review Release management Modelling ECL rule set Provision results Documentation submission Reporting Configure software An established IFRS 9 customer base Sopra Steria has an established IFRS 9 customer base throughout the UK and Europe. We work with more than 120 provisioning clients from 15 European countries and provide support to more than 4,000 end users. Over 14 worldwide financial institutions have already chosen our IFRS9 solutions. A future-proofed compliance solution At Sopra Steria, we know that regulation never stands still. That s why we keep abreast of all new and emerging regulation to ensure our customers remain aware and compliant moving forward. Our insight ensures our customers are kept aware of new or up-coming requirements and our flexible and scalable solutions and services mean they can remain compliant with new requirements. IFRS 9 Are you ready? 5

6 Why Sopra Steria and Sopra Banking Software? Experts at Data & Analytics Our advanced Data & Analytics propositions are based on many years of delivering robust solutions and services for banks and other financial services institutions. Our insight and experience ensures we deliver high quality solutions at pace. Innovative and pioneering approach As a technology agnostic organisation, we select the best solutions to meet the highly specific needs of our customers. Our expertise in new and emerging FinTech enables us to help Banks and other financial organisations to innovate and incorporate cutting edge ways of working to deliver compelling customer experiences. Trusted by the FCA We are trusted by the Financial Conduct Authority (FCA) to deliver the UK s largest digital market data processing platform ahead of MiFID II. This cloud hosted, scalable open source solution will enable the FCA to monitor all MiFID II submissions from financial institutions all over the UK, setting the pace for compliance excellence. Interested? To find out how Sopra Steria s range of specialised regulatory solutions and services can transform your credit risk function and support your journey toward IFRS 9 compliance, get in touch now: Miles Elliott (UK) miles.elliott@soprasteria.com Auguste Bertrand (Europe) auguste.betrand@soprasteria.com Or visit our websites: financial-services/ifrs-9 solutions/finance-risk-and-compliance-16/ component/ifrs9-11 Proven track record More than 120 customers globally already rely on Sopra Banking Software for their reporting collections and provision management solution. They trust us to comply with IFRS9 regulation as well as other current and emerging compliance regimes. 6 IFRS 9 Are you ready?

7 IFRS 9 Are you ready? 7

8 Sopra Steria Three Cherry Trees Lane Hemel Hempstead HP2 7AH +44 (0) Sopra Banking Software 4th Floor 30 Old Broad Street London EC2N 1HT +44 (0) BR030V01 About Sopra Steria Sopra Steria, a European leader in digital transformation, provides one of the most comprehensive portfolios of offerings on the market, spanning consulting, systems integration, industry-specific software development, infrastructure management and business process services. It provides end-to-end solutions to address the core business needs of large companies and organisations, helping them remain competitive and grow. Combining added value with innovative high-performance services, Sopra Steria excels in guiding its clients through their transformation projects to help them make the most of digital technology. With over 40,000 employees in more than 20 countries, Sopra Steria generated revenue of 3.7 billion in About Sopra Banking Software With over 3,500 experts and one of the deepest, broadest portfolios of software and services, Sopra Banking Software is a trusted, long-term partner of over 800 banks in more than 70 countries. Sopra Banking Software has an unequalled ability to address the requirements for banks and financial institutions of any size and scope, allowing them to innovate and expand their services. Sopra Banking Software is a subsidiary of the Sopra Steria Group.