Infotech Lead Europe: Rabobank International has deployed the HP Autonomy Enterprise Content Management (ECM) solution to address regulatory obligations and improve business efficiency.
HP Autonomy’s technology will enable Rabobank International to have a single information governance platform for regulatory record management, and help increase trading efficiency by automating key front- and back-office processes.
Rabobank Group, which has a network of more than 530 business locations in 30 countries, will benefit as HP Autonomy ECM can apply important classifications such as the legal entity identifier (LEI) and unique swap identifier (USI), and bind the records ready for hand off to the regulator.
Neil Araujo, general manager, Enterprise Content Management, HP Autonomy, said: “Autonomy enables financial institutions to address new regulatory needs and challenges, identify and manage risks and streamline business processes, through intelligent automation and advanced information management.
HP Autonomy says the bank can capture all pre- and post-trade records from both Rabobank International’s transactional systems, as well as the unstructured, human information found in emails, voicemails and Microsoft Office documents.
Rabobank International also improved operating efficiency by automating several key document-management practices. These include processes like term sheets, legal agreements and trade confirmations from across the sales, trading operations, legal and credit teams.
These activities will be automated using products from the Autonomy ECM Platform, including TeleForm, Autonomy Process Automation, Intelligent Enterprise Search, Scrittura and WorkSite, which all form part of HP Autonomy’s Information Governance solution.