UniCredit Bank Czech Republic and Slovakia, a.s. significantly increased usage of the CTS system to support its investment services. CTS is now the primary system for investment services in the retail and private banking segment and the system for the administration of investment surveys. The bank mediates investments into a wide spectrum of mutual funds, its own issues, tailor-made certificates, or foreign securities. Also implemented within the CTS system is support for MiFID 2 requirements, as well as a new investment questionnaire or an automatic evaluation of an investment’s adequacy and suitability. Besides the bank’s headquarters, CTS also serves branches through its user-friendly web interface.
”The deployment of the CTS system is a major change for us, which will lead to an improvement in the provision of investment services to our clients, whilst meeting all regulatory rules,“ says Aleš Mátl, Head of Investments and Bancassurance at UniCredit Bank.
The CTS system has also been successfully deployed at UniCredit Bank’s Slovak branch. Here, CTS primarily covers the distribution of mutual funds. The deployment of other MiFID 2 requirements, such as the calculation of ex-ante and ex-post fees, correct product targeting, or integration into the private banking system, is planned by the end of this year.
ABOUT CTS TRADE IT
CTS TRADE IT is a global provider of capital market trading solutions. CTS is a modern all-in-one trading platform, allowing for connection to stock exchanges using the XETRA trading system, the Bratislava Stock Exchange, including full support for the Czech and Slovak central securities depositories. CTS supports the trading process, starting from the collection of instructions at branches/through the retail website, the accommodating of instructions at local as well as foreign markets via partner brokers, DMA, through to the settlement process, custody, portfolio management, fund management and distribution, accounting, all the way to regulatory reporting. Its clients include major Central European banking houses – Česká spořitelna and Slovenská spořitelna (Erste Group), RaiffeisenBank CZ and RaiffeisenBank International (Raiffeisen Group), Unicredit Bank Czech Republic and Slovakia, Československá obchodná banka and Citibank Europe plc.