DZ BANK decides to use Uniserv
Implementing parts of the regulatory requirements of paragraph 33 BCBS 239
Pforzheim, 30 September 2015 – The DZ BANK (Deutsche Zentral Genossenschaftsbank) with its headquarters in Frankfurt am Main must deal with the challenges defined within the framework of the implementation of the regulatory requirements of the BCBS (Basel Committee on Banking Supervision) 239, paragraph 33. It must implement an application for matching business partners and integrate it into its procedural and technical environment. For this purpose DZ BANK has decided to use Smart Customer MDM from Uniserv. ‘Smart’ in this context is a synonym for efficiency, simplicity and intelligence.
The DZ BANK is the fourth largest bank in Germany and serves as the central bank for almost 900 Volksbanks and Raiffeisenbanks and their 11,000 branches. Within the Volksbank Raiffeisenbank cooperative financial group, and measured in terms of total assets, DZ BANK is one of the largest private financial services organizations operating in Germany today. DZ BANK AG functions as a central bank and controlling organ for the business of many independent local cooperative banks and supports them against the competition. As a corporate bank it supports companies and institutions and is the management holding for the special institute of the DZ BANK group.
DZ BANK group includes the Bausparkasse Schwäbisch Hall, DG HYP, DZ PRIVATBANK, R+V Insurance, TeamBank, Union Investment Group, the VR Leasing Group and various other special institutions. DZ BANK Group implements its strategy and range of services for the cooperative banks and their customers through its four strategic business lines – Retail Banking, Corporate Banking, Capital Markets and Transaction Banking.
For further information please see www.dzbank.de