New partnership
Our company has expanded with another partnership in the person of the french Invoke.
In 2020, listed companies will face a new challenge of ESEF compliance. Following a number of XBRL projects this year, we have decided to provide assistance to not only financial institutions but also listed companies to convert their reports to the iXBRL format. The preparation of reports in the format and content required by the Directive 2004/109 / EU (the so-called Transparency Directve) and Regulation 2018/815 / EU (the so-called ESEF RTS) is a complex task, so we looked for a highly experienced market player and we have chosen Invoke's solution. In order to disseminate the Invoke ESEF solution in Hungary, the two companies have decided to cooperate: Ramasoft Adatszolgáltató és Informatikai Zrt. distributes the Invoke ESEF solution in Hungary and provides professional (education, consulting, and parameterization) and support (help desk) services to it in Hungarian.
Are you ready for Basel IV?
We are pleased to share the news with everybody interested in the publication of the second volume of the Handbook of capital adequacy. The new volume summarizes recent changes and provides up-to-date information on current Basel regulations. If you are interested, you will find our book soon in the bookstores. More details can be found here: http://www.ramasoft.hu/publicaciok
Stress test development for Erste Bank
Last year we started a new project for Erste Bank. Our customer’s request was the development of MNB's stress tests, both in Varitron and Creditron systems. Thanks to the long-lasting hard work the result was born in summer.
Creditron project at the savings integration
The members of the savings integration, such as the Magyar Takarékszövetkezeti Bank, the Takarék Kereskedelmi Bank, the Takarék Jelzálogbank and the domestic mutual savings banks move to a common information system. For this reason, they have asked us to prepare a common Creditron system, which simultaneously helps to prepare the COREP reports for all entities. The introduction was launched last year and is still ongoing. The results are positive, reports of MTB and mutual savings banks are already being produced from this system. In the next step the Takarék group (formerly known as FHB) will also join the new system, so all the institutions that are involved in the integration will produce reports in this system.
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.