Daily Archives: April 19, 2016

Van Lanschot Decides on Regulatory-as-a-Service with Abacus by BearingPoint

Dutch wealth management firm selects ABACUS/DaVinci as a Regulatory-as-a-Service (RaaS) solution to streamline regulatory reporting processes within a short timeframe

FRANKFURT, GERMANY–(Marketwired – Apr 19, 2016) –  Management and technology consultancy BearingPoint, which ranks among the leading providers of regulatory technology (RegTech), announced that Van Lanschot, one of the oldest independent wealth managers in Europe, selected their flagship product ABACUS/DaVinci as a Regulatory-as-a-Service solution (RaaS). The solution covers Dutch, Belgian and European (EBA ITS) reporting requirements.

With ABACUS/DaVinci as RaaS, Van Lanschot will replace an existing reporting solution operated on site aiming to streamline the regulatory reporting process and minimize the risk of non-availability and business continuity issues.

Jeroen Kroes, Director Finance, Reporting and Control at Van Lanschot, explained: “We opted for BearingPoint’s RaaS solution, as it allows us to comply with all relevant rules and regulations in an efficient manner. With ABACUS/DaVinci as RaaS we get a standardized regulatory reporting solution with a well-defined roadmap and regulatory maintenance by BearingPoint.”

Dr. Maciej Piechocki, Partner at BearingPoint commented: “Van Lanschot is an important customer for BearingPoint from two perspectives: It is another milestone of our international growth strategy and it shows our competitive advantage by providing consulting, software and managed services from one source.”

“We are pleased that Van Lanschot benefits from a reduced workload with use of BearingPoint’s hosted Software as a Service infrastructure. BearingPoint works closely with banks and regulators as part of its continuous development of Abacus, helping it stay at the forefront in reporting system technology and expertise. This allows us to provide the Regulation as a Service so that Van Lanschot complies with the latest regulatory reporting requirements. We are confident that the joint experience of the Van Lanschot and BearingPoint implementation teams involved will result in a successful delivery of the new solution for Van Lanschot,” said Evert Arbman, Director Solutions, BearingPoint Netherlands.

ABACUS/DaVinci, part of BearingPoint’s proven Abacus Solution Suite, is a market-leading, off-the-shelf strategic risk aggregation and regulatory reporting platform that has been developed over 20 years alongside Basel I through Basel III. ABACUS/DaVinci covers the reporting requirements of CRD IV / CRR I and EBA ITS (CoRep, FinRep, etc.) but also statistical and granular reporting in multiple jurisdictions and enables financial institutions to comply with regulatory requirements in efficient manner. Renowned financial institutions representing more than 800 reporting entities trust ABACUS/DaVinci, including a majority of the most important European banks under supervision of the Single Supervisory Mechanism (SSM).

About the Abacus Solution Suite
With the Abacus Solution Suite, BearingPoint offers banks, insurers, financial services providers, central banks, and supervisory authorities innovative Regulatory Technology (RegTech) along the regulatory value chain. Over 240 customers from approximately 1,900 domestic and foreign reporting entities trust the Abacus Solution Suite products. BearingPoint provides unrivalled experience and a unique product and service offering in the area of regulation, ranging from consulting to managed end-to-end services, from proprietary specialist reporting software to ongoing training.

For more information, please visit: www.abacus-solution-suite.com.

About Van Lanschot
Van Lanschot, a wealth manager operating under the Van Lanschot and Kempen & Co brand names, is active in Private Banking, Asset Management and Merchant Banking. Its roots date back to 1737, when it was founded in the South of the Netherlands. Its mission is preserving and creating wealth for its private and institutional clients. Van Lanschot NV is listed on Euronext Amsterdam.

About BearingPoint
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of 9,700 people serves clients in more than 70 countries and engages with them for measurable results and long-lasting success.

For more information, please visit: www.bearingpoint.com

Press contact
Alexander Bock
Manager Communications
+49 89 540338029
alexander.bock@bearingpoint.com
Twitter: @BearingPoint

President Zuma to holds talks with SACU

President Jacob Zuma will travel to Botswana, Namibia and Swaziland to hold consultations with the Heads of State and Government of member states of the Southern African Customs Union (SACU).

The consultations will take place from Monday until Friday, 22 April. They are a follow-up to discussions held by the SACU Heads of State and Government during the inauguration of the new SACU headquarters building in Windhoek, Namibia, on 12 November 2015.

“The discussions will also focus on progress in the implementation of the SACU work programme, as adopted by the 2011 SACU Summit. The deliberations will also consider regional, continental and global economic and trade developments and their impact on SACU,” said the Presidency on Sunday.

SACU, one of the oldest customs union in the world, is 105 years old and consists of five members — Botswana, Lesotho, Namibia, South Africa and Swaziland.

President Zuma, who is the current chair of the SACU Summit, will be accompanied by the Ministers of International Relations and Cooperation Maite Nkoana-Mashabane, Trade and Industry Rob Davies and Finance Deputy Minister Mcebisi Jonas.

Meanwhile, consultations with Lesotho are ongoing to find a suitable date for President Zuma’s visit to Maseru. –

SOURCE: SOUTH AFRICAN GOVERNMENT NEWS AGENCY

South Africa: WP’s Senior Reign Ends but Their Super Seniors Make It Six in a Row

After close calls in the last two editions of the INDWE SA Senior Amateur Inter-Provincial, Central Gauteng produced a champion’s innings on the final day to end Western Province’s reign in the prestigious national senior team championship.

However, Ivan Palframan, Tim Hewan, Anton Bezuidenhout and Mark Hair from Western Province will return home as heroes after securing their sixth consecutive title in the Super Seniors division with a commanding performance at the Wanderers Golf Club.

SENIORS

Unlike the past two years, the battle for supremacy between the defending champions and the host union didn’t come down to a count-out on games points. Instead, Central Gauteng won in convincing style to reclaim the title they owned 11 times between 2002 and 2013.

Central Gauteng downed KwaZulu-Natal 7.5 – 4.5 and held off Western Province in a tension-fraught battle in the singles to win 6.5 – 5.5 and claim the maximum 14 points on offer.

Team manager Jaco du Plessis said the victory paid homage to the hard work the team put into their preparation and their capacity as eight individual stars to come together as a team.

‘Each guy on the team is a great player in his own right, but the key to success in team events is for those eight stars to form a unit,’ Du Plessis said. ‘We studied the R and A manuals for the Ryder Cup and the Walker Cup to understand how we could unite the players as a team and their efforts and their success this week demonstrated their commitment to each other.

‘A successful team has no pecking order, no superstars; it’s just eight guys who play for each other and who play for one joint goal and I am incredibly proud of their effort and determination. Everyone on the team can take great pride in this achievement.’ Central Gauteng and Western Province were 2-all heading into the singles.

Former SA Senior Stroke Play champion Gavin van Aswegen claimed first blood for host union when he defeated Japie Koopman 6 and 4. Richard Bruyns beat Hugo Calitz 4 and 2 and Stephen Johnson won 2 and 1 to take Central Gauteng’s tally to 5 – 2, but Andrew Cleopas, Tony Bailey and Herman September levelled the score for Western Province.

It came down to rookie Steve Williams to clinch it for Central Gauteng after stalwart Jock Wellington forced his game against Craig Poulton to a draw.

‘Steve was either all square or down to Francois le Roux from Province all day,’ Du Plessis said. ‘When Francois hit it in the water at 17, we knew we had beaten KwaZulu-Natal and we needed the point to beat Province. Steve was not driving the ball well and he aimed his tee shot right because he knew he had enough space on that side.

‘He hit a superb approach to 18 metres from the pin and we could see he really wanted to go for the putt to beat Morgan Phillips from KwaZulu-Natal. However, when Francois missed his putt, Steve knew he had two putts to win 1-up and secure the victory for us. He conceded the game to Morgan and that simple decision spoke volumes of the unity of this team.’

Meanwhile Gauteng North also went on a tear against Ekurhuleni and Southern Cape.

The Daisies handed Ekurhuleni a 9.5 – 2.5 drubbing and beat Southern Cape 7.5 – 4.5 to vs Southern Cape 4.5 to finish third overall with nine points.

The Garden Route side moved from seventh to sixth in the standings after beating Ekurhuleni 7 – 5, and North West edged out Eastern Province 6.5 – 5.5 to take seventh in the log. The loss sent Eastern Province back to the B-Section just a year after claiming promotion.

Super Seniors

Western Province defeated KwaZulu-Natal 4 – 2 and Gauteng North 4.5 – 1.5 to put an exclamation mark on an undefeated production. The defending champions triumphed on 10 points and finish a full five points ahead of Central Gauteng, who edged out Ekurhuleni for second with 4.5 games points.

Picture of the triumphant Central Gauteng team (left to right: Gavin van Aswegen, Richard Bruyns, Johan Swart, Stephen Johnston, Steve Williams, Schalk Naude, Jock Wellington, Greg Gleeson and team manager Jaco du Plessis) courtesy of Ernest Blignault

FINAL ROUND RESULTS – Seniors

Western Province 5.5 vs Central Gauteng 6.5

Central Gauteng 7.5 vs KwaZulu-Natal 4.5

Western Province 3 vs KwaZulu-Natal 9

Gauteng North 9.5 vs Ekurhuleni 2.5

Gauteng North 7.5 vs Southern Cape 4.5

Ekurhuleni 5 vs Southern Cape 7

North West 6.5 vs Eastern Province 5.5

SENIORS A DIVISION FINAL LOG

(Position, Union, Played, Won, Draw, Loss, Points, Games Points)

1 Central Gauteng (7, 7, 0, 0, 14, 52.5)

2 Western Province (7, 5, 0, 2, 10, 49)

3 Gauteng North (7, 4, 1, 2, 9, 47)

4 Ekurhuleni (7, 3, 0, 4, 6, 38)

5 KwaZulu-Natal (7, 2, 1, 4, 5, 43.5)

6 Southern Cape (7, 2, 1, 4, 5, 37)

7 North West (7, 2, 1, 4, 5, 33.5)

8 Eastern Province (7, 0, 2, 5, 2, 35.5)

FINAL ROUND RESULTS – Super Seniors

Western Province SS 4 vs KwaZulu-Natal SS 2

Western Province SS 4.5 vs Gauteng North SS 1.5

Central Gauteng SS 3.5 vs Ekurhuleni Ss 2.5

Central Gauteng SS 5.5 vs Southern Cape Ss 0.5

Ekurhuleni SS 4 vs Southern Cape SS 2

KwaZulu-Natal SS 3 vs Gauteng North SS 3

SUPER SENIORS A DIVISION FINAL LOG

(Position, Union, Played, Won, Draw, Loss, Points, Games Points)

1 Western Province (5, 5, 0, 0, 10, 21.5)

2 Central Gauteng (5, 2, 1, 2, 5, 17)

3 Ekurhuleni (5, 2, 1, 2, 5, 16)

4 KwaZulu-Natal (5, 1, 2, 3, 4, 13.5)

5 Southern Cape (5, 2, 0, 3, 4, 13)

6 Gauteng North (5, 0, 2, 3, 2, 9)

SOURCE: ALL AFRICA

Set-top box registration kicks off in Limpopo

The registration for set-top boxes (STBs) in the digital migration project started in earnest on Sunday in Tiyani village in Limpopo.

Speaking to SAnews at the digital migration awareness imbizo in Tiyani, Communications Minister Faith Muthambi said indigent people should go to their nearest post office to register for STBs.

“After a consultative process with the board of the South African Broadcasting Corporation (SABC), an important decision was taken that indigent people with a TV licence debt should be allowed to apply for STBs.

“We are urging all indigent people to register at the post office and we will be using the indigent register from municipalities to check if the household qualifies to get government subsidised STBs,” she said.

Minister Muthambi, who started her day by visiting households in the village, said government’s view is that television is a very good educational tool, which broadens knowledge of different cultures, promotes tolerance and understanding of international issues.

Digital migration

South Africa is currently migrating from analogue to digital broadcasting. The main reason for the migration is to release valuable spectrum, which can be used for other services.

Minister Muthambi said digital migration will create demand for local content, leading to more job opportunities in the creative industry and more business opportunities for vendors and suppliers of STBs and digital TVs.

Government will provide free STBs to five million poor TV-owning households across the country.

Criteria for STBs

“I want to make it clear that the qualifying criteria for free STBs have been developed and applicants must prove that they are South African citizens; that their household income is R3 200 (or less).

“The good news about digital migration project is that it is coming with the benefit of training and job creation for young people. The plan is to have these STBs installed by local young people. As government, we have developed a training plan that will see some of the young people trained and certified to be installers of these devices during the distribution phase.

“The installation and maintenance of these boxes will be required even after the roll-out of the digital migration programme. This means that this is a skill that people like yourselves will continue to benefit from economically,” she said.

New exciting era

Minister Muthambi told the locals that they will have a new experience of the existing free-to-air television broadcasting services in that they will enjoy more channels and content, better sound and picture quality and enhanced broadcasting applications such as electronic programme guides.

Minister Muthambi said the long queues of people registering to get STBs was a clear indication that the imbizo was a success.

One of the local residents, Elisa Mdaka, who received a visit from Minister Muthambi, said: “I have an old television set but it is currently not working because I do not have an antenna. I can’t wait for government to install the set-top box so I can watch the news.”

SOURCE: SOUTH AFRICAN GOVERNMENT NEWS AGENCY

Statement by Minister Pandor at the Department of Science and Technology Pre-Budget Vote media briefing in Parliament

The theme for this year’s Department of Science and Technology (DST) Budget Vote is, “Innovation for sustainable local government and youth development”.

We have chosen this theme for two important reasons.

Firstly, local government is a sphere that is closest to communities, fostering STI in local government can play a role in accelerating development. I will provide details in my speech this afternoon on the innovations that my department has pioneered to assist local governments across the country to improve service delivery.

My department has produced several evidence-based knowledge products that support decision-making and the provision of public services in sectors such as water, sanitation, energy and housing. Some of these include the finalisation of a bioenergy Atlas and the development of a Sanitation Technology Evaluation and Assessment Database and Tool.

Secondly, young people have been identified as those most in need of support through skills development and enterprise creation.

We intend to strengthen our efforts at reaching youth. This includes plans to launch the first National Summit on Youth in Science, Technology and Innovation, which will focus on enhancing research and development skills and increasing the numbers and demographic representativeness of our next generation of researchers, through allowing young people to present their research, participate in science seminars and workshops and get information on our science councils and their programmes.

Building on the success of mLabs Southern Africa, a mobile solutions laboratory and start-up accelerator designed to help young entrepreneurs, this initiative will be expanded to other provinces.

The budget

The DST’s total budget for the 2016/17 financial year is R7,4 billion, of which R2,7 billion in Parliamentary Grants is transferred to the entities reporting to my department, namely –

” the Council for Scientific and Industrial Research – R872 million;

” the National Research Foundation – R883 million;

” theHuman Sciences Research Council – R290 million;

” the Technology Innovation Agency – R382 million;

” the South African National Space Agency – R125million;

” the Academy of Science of South Africa – R23 million.

The role of the private sector in research and development is of critical importance and I wish to encourage the private sector to increase its investment in research and development, as should our government. Evidence shows that countries that increase such investment during tough economic times will reap greater benefits when the economic cycle turns again.

Our guest speaker

Some years ago, we started a tradition of inviting a prominent speaker to deliver a lecture during the lunch session. This year we are extremely honoured to have the European Union Ambassador to South Africa, Dr Marcus Cornaro, presenting the lecture at the Iziko South African Museum, 25 Queen Victoria Street, Cape Town, at 12:00.

Exhibition

Immediately after this briefing I will be visiting the DST exhibition, at the Iziko Museum. It includes the PAST (the Palaeontological Scientific Trust) exhibition, called “All from One”, which I will be opening.

The exhibition amplifies PAST’s Walking Tall schools’ project, which has provided palaeosciences workshops to over 1,2 million learners and educators. This is an important part of our 2011 South African Strategy for the Palaeosciences, which seeks to instill pride in our African heritage, develop South African leadership in the palaeosciences, and provide proof of humankind’s mutual roots. This is an important initiative given the challenges of racism and prejudice we experience from time to time.

Also exhibited is South Africa’s first hydrogen fuel cell powered forklift, which we recently launched at Impala Platinum refineries inSprings. Our entities and other government departments will be exhibiting. The exhibition will close at 16:00. I encourage you to visit and see for yourselves what science and technology has to offer.

Some key priorities in 2016/17

Government has set a target of raising gross expenditure on research and development to 1,5% of GDP by 2019, from the current level of 0,73%. Urgent attention must be given to adequate funding for science technology and innovation if we are to achieve our strategic national priorities.

R650 million is allocated for the MeerKat and SKA related costs. The SKA will be the world’s largest and most sensitive radio telescope. Key economic benefits will include leveraging foreign direct investment, estimated at Euros 650 million for phase 1 (2018 to 2023).

The National Development Plan acknowledges that economic growth is a long-term project. In the medium term, the Department will focus on South African innovation for energy security, poverty alleviation and health care funded through the Technology Innovation programme, which is allocated R3,2 billion.

The Department will ensure greater economic and social returns from intellectual property generated from publicly funded research. The Department will allocate R26 million this year to the National Intellectual Property Management Office – NIPMO for intellectual property development and protection. NIPMO ensures that publicly funded intellectual property is used to develop new products and processes.

The bio-economy is a sector we plan to grow significantly, guided by the Department’s 2013 Bio-economy Strategy. R436 million is allocated this year for bio-innovation in the health, agricultural and industrial biotechnology sectors.

Thank you.

SOURCE: Department of Science and Technology