Case study - MONETA Money Bank

MONETA Money Bank, a. s.

MONETA Money Bank, a. s. is one of the leading banks on the Czech banking market and a pioneer in the digitalization of financial products. It has a strong position on the market of credit products for Czech households, and a growing position in the area of loans for tradesmen, small and medium-sized enterprises. It offers its clients cutting-edge digital services/solutions, while providing them with the convenience and facilities of branches in the regions where they live.

MONETA uses Moody's tools to calculate capital adequacy both for internal purposes and for regulatory COREP reporting. Because the version of this tool originally used, Risk Authority, was heavily customized and outdated, and Moody's offers the latest generation of the product as SaaS under the name Banking Cloud. It was decided that as part of the integration of Wuestenrot into the Moneta Group, migration between the two instruments would also take place.

I always remain calm and carefully analyze the whole project. At the beginning, we didn't realise what we were going to be facing. Responding to so many changes during the project was a challenge, but we did it!

Karel Švec

Senior Analyst

What Peter says about epptec

Solution components

There were several levels to be addressed in the project:

Extending the internal datamart to meet Banking Cloud's data requirements for input data, and to be able to consume output data.

Connecting the MMB infrastructure to the Banking Cloud, including resolving user authentication for access via the web application and integrating a tool for batch data transfer between MMB and the Banking Cloud.

Cooperation with Moody's to set up the Banking Cloud computing environment and parameters such as algorithms to meet MMB's portfolio structure, CNB reporting requirements and capital adequacy optimisation requirements.

Validation of COREP reports that were output from the Banking Cloud and their upload to the reporting tool used by the MMB for reporting to the CNB.

Expansion of the data base to include Wuestenrot data, resolving inconsistencies between the original Wuestenrot reporting tool and Banking Cloud.

Epptec consultants provided

Coordination of activities on the MMB side, including coordination with the parallel activity of migration of Wuestenrot data to MMB data warehouses.

Communication between internal application developers (datamart, data hub), business owners (capital adequacy department) and Moody' consultants.

Analysis, specification and documentation for each part of the solution.

Creation and execution of part of the test scenarios.

The project took almost 10 months and the biggest challenge turned out to be the customization and development of Banking Cloud on Moody's side, as the tool was far from being ready for the requirements of the Czech regulation, and during the course of the project the requirements for the data sent as well as its outputs changed during the monthly releases of Banking Cloud.

We greatly appreciate the cooperation with epptec on the project of migration of the existing locally installed solution for calculation of risk-weighted assets and related COREP reporting to the cloud environment. Their experienced staff have been a valuable asset in the implementation, testing and organisation of this project.