Publicis.Sapient and ED to build Securitisation Repository
20 June 2018 Frankfurt
![Generic business image for news article](https://www.assetservicingtimes.com/assetservicesnews/images/WednesdayJune2020181529482499.jpg)
Publicis.Sapient has been selected by European DataWarehouse (ED) as its transformation partner to become the first securitisation repository under the new EU regulation for simple, transparent, and standardised (STS) securitisations.
The transformation is expected to take effect in 2019 and aims to deliver transparency in financial markets.
Bernd Harnisch, vice president of consulting at Publicis.Sapient, said: “We’re delighted that ED has selected Publicis.Sapient as its strategic transformation partner and that we can continue to help further its mission of delivering transparency in financial markets.”
“By providing a unique, cloud-based platform, ED is creating a modern repository for banks, servicers and other market participants to support compliance with the new securitisation regulation.”
Jens Schuback, senior manager and project lead at Publicis.Sapient, noted: “The usage of advanced front-end technologies to provide outstanding user experience for the clients of European DataWarehouse and a thorough understanding of the STS regulation are the foundation for designing this data repository.”
“With agile project methodologies, we can rapidly react to regulatory changes and deliver tangible results on a continuous basis,” he added.
Christian Thun, CEO, European DataWarehouse, commented: “At the European DataWarehouse, we have been serving issuers and investors of Asset Backed Securities in the European Union for more than five years.”
“The transparency requirements under the new STS regulation will be a challenge for our clients as well as for us. Nonetheless, the European DataWarehouse is determined to become the first securitisation repository under the new STS framework in order to cater for the needs of the market.”
The transformation is expected to take effect in 2019 and aims to deliver transparency in financial markets.
Bernd Harnisch, vice president of consulting at Publicis.Sapient, said: “We’re delighted that ED has selected Publicis.Sapient as its strategic transformation partner and that we can continue to help further its mission of delivering transparency in financial markets.”
“By providing a unique, cloud-based platform, ED is creating a modern repository for banks, servicers and other market participants to support compliance with the new securitisation regulation.”
Jens Schuback, senior manager and project lead at Publicis.Sapient, noted: “The usage of advanced front-end technologies to provide outstanding user experience for the clients of European DataWarehouse and a thorough understanding of the STS regulation are the foundation for designing this data repository.”
“With agile project methodologies, we can rapidly react to regulatory changes and deliver tangible results on a continuous basis,” he added.
Christian Thun, CEO, European DataWarehouse, commented: “At the European DataWarehouse, we have been serving issuers and investors of Asset Backed Securities in the European Union for more than five years.”
“The transparency requirements under the new STS regulation will be a challenge for our clients as well as for us. Nonetheless, the European DataWarehouse is determined to become the first securitisation repository under the new STS framework in order to cater for the needs of the market.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
![Advertisement](../images/bull-252524.png)