Approach & Solution
The new strategic operation had a tight implementation schedule, consisted of creating a system to generate TL-TRO reporting for participation in a European Central Bank auction aimed at long-term refinancing.
We at Engineering took on the challenge, choosing a Cloud solution to meet the Group's requirements.
With this approach and also thanks to the project team who knew the process and the banking legislation very well, it was possible to meet the challenging deadlines given by the Supervisory Organs.
The computing flows were processed with a positive outcome recovering 16 weeks of historical depth in about 4 week of project activity.
The infrastructure was made available just for a limited amount of time, allowing also a reduction of costs.
Subsidised Loans obtained from ECB
More consumer credit in support of families and businesses