corima.pms @ DZ BANK AG

DZ BANK is the central institution of the Volksbanken and Raiffeisenbanken Cooperative Financial Network, serving as central bank for more than 700 cooperative banks in Germany, which are the majority stakeholders of it. As a commercial bank, it also serves companies and institutions. With numerous locations in Germany and abroad, DZ BANK AG ensures that it is close to its customers and provides them with access to all important markets.

At DZ BANK, corima.pms is used as a calculation layer between the bank's internal systems and EGon ("Eigengeschäfte online"). The various "delivery systems" connected via APIs primarily transfer market, portfolio and master data to corima.pms. Various calculations are then carried out here based on the information supplied. Market key figures such as modified duration, spreads, etc. are determined and then made available to all 700+ cooperative banks via EGon. Over 10,000 users can access and evaluate this information, which is updated daily.

"corima.pms virtually brings together the data for the portfolio of each individual bank, calculates it and makes it available to EGon as a database," explains Jürgen Wernergold, Senior Business Analyst Specialist Support EGon at DZ BANK. "With corima.pms, we are happy to have a system that develops with us, but also a partner in COPS that delivers high-quality solutions. For example, after taking over the source code for PMS from Much-Net, the module developed for us there for the CRSA (credit risk standard approach) calculation was seamlessly completed at COPS. Migrations from Windows to Linux, for example, have not been a problem either. The migration from Red Hat 7 to 8 is due to take place shortly."

"Deliveries from the upstream systems are gradually being converted from Standard Interface (STI) to FDOT, a special corima.pms application," adds Paul Hekel, Partner and responsible relationship manager at COPS. "In this way, we are creating a single point of input entry to further and better incorporate the necessary information into our system and are getting one step closer to our goals of standardizing structure and processes. In the future, DZ BANK will be able to connect additional delivery systems, expand the data pool for calculation bases and carry out new and even more in-depth calculations in corima.pms. This could soon also form the basis for carrying out risk projection calculations, which are currently still at the conceptual stage."

Together with Consultant Ana Grm, he also takes care of the seamless and regular updates in the CRSA calculation module at COPS, which are regularly necessary due to the recurring legal changes. Around 3.9 million items are processed in this module every day.

"Competent and personal contacts are very important to us! What we are looking for is solved if it fits into corima.pms." adds Marlies Uhlmann, Head of EGon Support and Project Manager Digitalization at DZ BANK. A good conclusion to one of the many success stories, of which there have been and continue to be many in the 44 years since COPS was founded.

We will continue to report!