Helping EDW Become a UK Securitisation Repository under the Financial Conduct Authority
Frankfurt, February 2, 2022 — Publicis Sapient, a digital business transformation company, today announced the successful completion of the next stage of European DataWarehouse’s (EDW) digital transformation. The digital consultancy was instrumental in implementing the UK securitisation regulation of the Financial Conduct Authority (FCA) onto the EDW platform. The platform architecture, designed by Publicis Sapient, was essential in meeting regulatory requirements. As a result, on January 17, 2022, FCA registered EDW as one of the first UK Securitisation Repositories. Following its FCA registration, EDW is able to strengthen its position as a leader in providing regulatory reporting solutions to the UK securitisation market. EDW was designated as a Securitisation Repository in the EU by ESMA in June 2021.
To further its digital transformation, EDW engaged Publicis Sapient to build a regulatory platform that allows for the compliant reporting of public and private securitisations in the EU. Publicis Sapient designed a scalable, multi-instance capable architecture, which enabled the smooth adaption of the platform according to the UK’s specific FCA regulatory requirements. At its core, the platform leverages Microsoft’s Azure cloud big data service, ensuring real time processing, validation and storage of the securitisation-related billions of loan level data records, and it assesses the quality and completeness of the data.
“I am pleased that our commitment to the UK securitisation market has been recognized, and with the registration as a Securitisation Repository, we will now enter a new market phase,” said Markus Schaber, Executive Director EDW. “Thanks to Publicis Sapient’s expertise, our modern and user-friendly platform enables us to work with our UK clients on market-leading reporting solutions.”
“As EDW’s strategic digital transformation partner, we’re very pleased about this next important achievement of our long-term partnership. The scalable cloud-based platform builds the foundation for EDW’s business growth in different markets and regulations. We’re also delighted that EDW’s clients in the UK can continue to benefit from the seamless user experience and extensive capabilities of the securitisation platform following the FCA regulation,” said Dr. Edeltraud Leibrock, Managing Partner and GVP Financial Services at Publicis Sapient.
About European DataWarehouse
European DataWarehouse (EDW) is a registered Securitisation Repository designated by the European Securities and Markets Authority as well as the Financial Conduct 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 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 leading digital business transformation company. We partner with global organisations 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, enable 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, please visit publicissapient.com.