LONDON, June 25, 2015
/PRNewswire/ -- Eagle Investment Systems LLC, a BNY Mellon
company and leading provider of financial services technology,
today announced that Achmea, the largest insurance provider in
the Netherlands, is live using
Eagle's data management solution, deployed over its secure private
cloud, Eagle ACCESSSM.
Eagle's enterprise data management solution was selected to help
centralize all of Achmea's investment management data and
streamline its operations to create efficiencies to support
Solvency II and International Financial Reporting Standards (IFRS)
regulatory reporting. Eagle's Data Integration Services (DIS)
helped Achmea go live with a challenging timeline, offering a
shortened implementation schedule using standard data integration
feeds. Additionally, Achmea has enlisted fully deployed services
from the BNY Mellon Front Office Services Group, which is providing
various data stewardship and data administration services to the
firm. Achmea has been a BNY Mellon client since 2008. In addition
to being their global custodian, BNY Mellon provides investment
accounting, fund administration and outsourcing services to
Achmea.
"We are pleased with Eagle's outsourced data management solution
to address our multiple, complex needs around asset data management
and are also pleased with the cooperation of Eagle and BNY Mellon
during the implementation," said Otto Veldt, Director of Asset
Management, Achmea.
"This is an important step toward establishing highly efficient,
multi-dimensional integrated reporting," said Corinne Weeda, Director of Reporting,
Achmea.
"This is another important milestone in cementing the strong
relationship we have had for many years with Achmea in the Netherlands," said Leonique van Houwelingen, BNY Mellon Country
Executive in the Netherlands.
Commenting on the trends he is seeing in the data management
space, John Legrand, Managing
Director and Head of EMEA and APAC at Eagle, notes that European
asset managers and insurers remain focused on regulatory adherence,
which is driving significant investments into enterprise data
management.
"Demand for a much deeper level of detail and transparency
continues to grow as firms address the continuously changing
regulatory requirements," stated Legrand. "Amplifying these demands
are the competing challenges of obtaining the best quality
operational and reference data, data centralisation, reconciliation
and the ability to report data back to internal and external
constituents. This only reinforces the need to select a data
management vendor with a fixed data model. Without this in place,
it can be difficult to manage the data, provide credible audit
trails and meet the regulatory requirements that are being
mandated."
About Achmea
Achmea was founded in the Netherlands in 1811 as a mutual insurance
company with strong co-operative roots. Achmea remains committed to
the mutual ownership model, being one of the largest cooperative
insurance company in Europe, with
a strong focus on developing products and services that meet its
individual and corporate customer's needs. Through various brands,
it offers a range of non-life, health, income protection and life
insurance products as well as pension and asset management
services. Achmea has over 11 million customers and is active in
five other countries. The group recorded more than €20 billion in
gross written premiums over 2014 and posted an operational profit
of net profit of €388 million.
About Eagle Investment Systems
Eagle is committed to
helping financial institutions worldwide grow assets efficiently
with its awardwinning portfolio management suite of data
management, investment accounting and performance measurement
solutions that are delivered over its secure private cloud, Eagle
ACCESSSM. Eagle deploys trusted solutions and services
that create operational efficiencies and help reduce complexity and
risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon.
Additional information is available at www.eagleinvsys.com or
follow us on Twitter @Eagleinvsys.
About BNY Mellon
BNY Mellon is a global investments
company dedicated to helping its clients manage and service their
financial assets throughout the investment lifecycle. Whether
providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment
management and investment services in 35 countries and more than
100 markets. As of March 31, 2015,
BNY Mellon had $28.5 trillion in
assets under custody and/or administration, and $1.7 trillion in assets under management. BNY
Mellon can act as a single point of contact for clients looking to
create, trade, hold, manage, service, distribute or restructure
investments. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation (NYSE: BK). Additional information is
available on www.bnymellon.com, or follow us on Twitter
@BNYMellon.
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SOURCE Eagle Investment Systems LLC