Publicis Sapient delivers a fundamental transformation program for European DataWarehouse to become one of the first Securitisation Repositories under ESMA
June 2021: Publicis Sapient is proud to announce the successful completion of an important transformation program for European DataWarehouse (EDW). On the 23rd of June EDW was registered as one of the first Securitisation Repositories (SRs) by the European Securities and Markets Authority (ESMA). From the 30th of June, financial institutions and other market participants will be obliged to report securitisation transactions to a SR in order to comply with the Securitisation Regulation (EU)2017/2402. Through this achievement, Publicis Sapient has helped EDW to further strengthen its position as the leader in providing regulatory reporting solutions to the European securitisation market.
As part of its digital transformation initiative, EDW engaged Publicis Sapient to implement the technology allowing for the compliant reporting of public and private securitisations in Europe. Publicis Sapient has strategically synchronised its expertise of agile practices, business domain knowledge and expert technical prowess in cloud and analytics space to create the entire regulatory platform. At the core of the repository architecture Publicis Sapient and EDW are leveraging Microsoft’s Azure cloud big data platform with continuous delivery powered by DevOps. This repository platform supports collection, real time processing/validation and storage of the securitisation-related billions of loan level data records along with assessment of the data completeness and quality. Additionally, the new platform provides a seamless integration with EDW’s repository to enable issuers, investors, and regulators to fulfil the due diligence requirements and provide transparency to the EU securitisation market.
“We’re delighted about the results of our long-term partnership with European DataWarehouse as its strategic transformation partner. With the cloud-based platform, European DataWarehouse and Publicis Sapient have created a modern Securitisation Repository that enables banks, servicers, and other market participants to comply with Europe’s Securitisation Regulation. As key benefits the platform provides a seamless user experience and a very strong technical foundation” said Dr. Edeltraud Leibrock, Managing Partner and GVP Financial Services DACH at Publicis Sapient.
“EDW's registration as one of the first Securitisation Repositories under ESMA is a significant achievement backed by almost 10 years of experience as the Eurosystem's only recognized securitisation repository.” added Dr. Christian Thun, CEO, European DataWarehouse. “Thanks to Publicis Sapient's expertise, EDW's modern and user-friendly platform provides an excellent environment for reporting entities to smoothly transition from the ECB to the ESMA disclosure framework.”
About European DataWarehouse GmbH
European DataWarehouse (EDW) is a registered Securitisation Repository designated by the European Securities and Markets Authority. The company was established in 2012 as the Eurosystem’s first repository to facilitate the collection, validation, and download of standardised loan-level data (LLD) for Asset-Backed Securities (ABS) and private whole loan portfolios. EDW stores loan-level data and corresponding documentation for investors and other market participants. Operating as a market infrastructure, EDW aims to increase transparency and restore confidence in the ABS market. Through EDW's data, users can analyse underlying portfolios in a more efficient way and compare portfolios on a systematic basis.
About Publicis Sapient
Publicis Sapient is a digital business transformation company. We partner with global organizations to help them create and sustain competitive advantage in a world that is increasingly digital. We operate through our expert SPEED capabilities: Strategy and Consulting, Product, Experience, Engineering and Data, which combined with our culture of curiosity and deep industry knowledge, enables us to deliver meaningful impact to our clients’ businesses through reimagining the products and experiences their customers truly value. Our agile, data-driven approach equips our clients’ businesses for change, making digital the core of how they think and what they do. Publicis Sapient is the digital business transformation hub of Publicis Groupe with 20,000 people and over 50 offices worldwide. For more information, visit publicissapient.com