Netherlands’ Rabobank International Selects HP Autonomy for Dodd Frank Compliance
PALO ALTO, Calif. — HP Autonomy today announced that Rabobank International, the wholesale, rural and international retail banking division of Rabobank Group, has selected the Autonomy Enterprise Content Management (ECM) solution to meet regulatory obligations and drive business efficiency.
HP Autonomy’s technology will provide a single, end-to-end information governance platform for regulatory record management, and help increase trading efficiency by automating key front- and back-office processes.
Rabobank Group is a leading global financial institution based in the Netherlands, boasting a network of more than 530 business locations in 30 countries. Rabobank International offers a wide range of financial services to individuals and businesses, including over-the-counter derivatives, foreign exchange, money markets and securities.
Financial institutions must remain compliant with a host of legislations and regulations. HP Autonomy provides a single, end-to-end platform through which Rabobank International can manage its trade-related records in a defensible and compliant manner. Autonomy ECM can intelligently 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. This will save time and mitigate risk for the bank, ensuring that compliance processes are comprehensive, defensible and less resource-intensive.
The HP Autonomy platform will enable Rabobank International to comply with the Dodd Frank Act’s reporting and record-keeping requirements. 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.
In addition to better managing its risk and meeting regulatory requirements, Rabobank International wanted to improve 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.
“HP Autonomy provides financial institutions with the solutions they need to take control of their information for compliance, efficiency and, ultimately, competitive advantage,” said Neil Araujo, general manager, Enterprise Content Management, HP Autonomy. “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.”
Additional information about HP Autonomy is available at http://www.autonomy.com/.
Microsoft is a U.S. registered trademark of Microsoft Corporation.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP’s businesses; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP’s filings with the Securities and Exchange Commission, including HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2012. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2013 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
About HP Inc.
HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.
© 2015 HP Inc. The information contained herein is subject to change without notice. The only warranties for HP Inc. products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP Inc. shall not be liable for technical or editorial errors or omissions contained herein.