The focus was on regulatory changes in the context of IFRS 9, IFRS 16 and Basel II +III. More than 30 participants from several Ghanaian banks took the opportunity to find out more about FERNBACH’s products. The event was organised by FERNBACH´s partner Datacell for the West African region.
Major changes in the framework conditions of financial institutions are caused by various factors: increased regulations, changes in the core business, technological change towards machine learning, pressure to reduce costs and increase efficiency.
The speakers stated that every change is also a chance. They described the use of regulatory obligations to optimise business and achieve economic benefits. The role of process chain automation, inter-departmental communication, end-to-end traceability and audit trails, agility and reuse of regulatory services for business purposes were discussed. In particular, new technologies were presented that are associated with regulatory changes.
Mr Ugbomah and Mr Meyer from FERNBACH gave an insight into FERNBACH's solutions and described in detail how banks that comply with the new regulations can achieve economic benefits.
FERNBACH was pleased about the support of the banks and that this event was so successful.
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