Pozitron implementation at Diófa
Our first project with the Diófa Fund Management Ltd. ended in March . We extended Pozitron with management functions (planning, real-time limit control). In the next step we introduce our Varitron software, too, so we can help with risk management.
Robot building at high level
RoboTeam Fazekas was able to get out of First Global Challenge, which was held in Washington this year. The First Global Challenge is looking for students from 15 to 18 years old from all over the world who are robust in robot construction. We are happy to report that the hard, sacred work has born fruit and the young Hungarians have won the prestigious competition. We can really be proud of them. Our company was happy to support future generations in the research work that promotes development. We would also like to congratulate the team and their mentor, Zsuzsa Karsai!
Finally, some videos for those who want to learn more about robot building:
https://www.youtube.com/watch?v=SIVEKzZPe9E&t=6s
https://www.youtube.com/watch?v=hns3HmQAUPE&feature=em-subs_digest
http://www.petofilive.hu/video/robotika-muhely-a-fazekas-gimiben/
Happy Birthday Ramasoft!
This year is extremely important for Ramasoft, as it celebrates the twentieth anniversary of its existence. A gala dinner was held on October 26 at The Ritz-Carlton Hotel. Among our guests, we were able to greet our current and former colleagues and our partners and customers alike. Dr. Márton Radnai CEO, summed up the history of the company for the two decades, mentioning the main milestones in view of future plans.
The first aSISt client in Hungary – Aegon Hungary
GPM and Ramasoft implemented aSISt universal Solvency II reporting system in their first common project for Aegon Hungary General Insurance Ltd. aSISt is a modern universal reporting system which supports the preparation of mandatory reports to the banking and insurance sector regulators especially in XBRL format (e.g. COREP, FINREP, Solvency, etc.). The work started in early April and has been completed in 1,5 months. The insurance company has been using the software to prepare and validate its reports.
Our new partner: Erste Mortgage Bank
The Hungarian National Bank introduced a new regulation. As a result Erste Bank Hungary established firstly its own mortgage bank to be an important member of the financing market in the future. Erste Mortgage Bank got the necessary licences for the initation of the operation from the Hungarian National Bank on the 30st of July, 2016. The newest member of the Erste Group has chosen Ramasoft and the Creditron software. Erste Bank Hungary has been using the Creditron Basel reporting system since 2004. We implemented it for Erste Investment Hungary Ltd. in 2007, too. We are near the end of the project, the system goes live these days.
Job Fair at Budapest University of Technology and Economics
Visit us on the 30st and 31st of March at the Job Fair and win our precious prize what is a Polaroid Snap instant digital camera. The Job Fair at Budapest University of Technologies and Economics is one of the biggest fair that provides an opportunity for the personal contact among the companies and the job seekers. Our company is looking for new colleagues for back office intern and junior consultant positions. If you are interested in one of our open positions and like prizes, all you have to do is to look for us at the stand nr. 161, fill the registration form and participate in the draw. We draw the prize on the 31st of March, 2016 at 4 pm.
Networking breakfast event
On December 2nd, 2015, Ramasoft held a breakfast event for the professional consultation about validation, hosted by the Sofitel Budapest Chain Bridge Hotel. Guests were greeted with a beautiful view of the Danube and a buffet breakfast. At our business breakfast, we focused on the Polish aSISt reporting, XBRL validator and converting system distributed by Ramasoft. We also aimed to provide professionals involved in the projects with an informal opportunity to share their reporting experiences with one another.
Agreement with the ITCB
Ramasoft Llc. and International Training Centre for Bankers signed an agreement on the joint development of the Varitron risk management system. International Training Centre for Bankers receives exclusive right to organise and manage the educational tasks related to the implementation of Varitron, and will use it as an educational tool on its VAR courses.
Varitron and the Inforex front office system is launched
The integrated version of Varitron and the Inforex front office system is launched, thus enabling traders to check their VAR limits before the trading ticket is entered, so making risk management proactive.
Varitron 1.1
Varitron 1.1 is launched. The new version supports traditional (gross value, maturity and duration based) limits besides the net value and VAR limits. Also, in the variance-covariance matrix decay factors can be set for each product pair.
Inforex-Varitron integrated system
Hungary's main commercial bank, Postabank decided to implement the Inforex-Varitron integrated front office and risk management system. On the tender Inforex-Varitron won over several globally well-known systems. The main criteria on the selection was the handling of the specialities of the Hungarian capital and money market, the excellent local support and the competitive price.
CA-IB Securities has got a new system
Hungary's top ranking securities firm, CA-IB Securities has chosen Varitron to offer market risk functionality in its new, integrated system. Furthermore, Varitron will prepare CAD reports and risk reports to the owners. Varitron will be integrated with the new, Oracle based back office system.