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Andbank Monaco SAM was founded on 1 July 2011, following the Andbank Group’s wish to extend its offering to a high-end private banking clientele. Drawing on the Group’s experience, it provides high-quality services and aims to build lasting relationships with clients based on mutual trust, tailoring its management to each client’s wealth objectives. A team of experienced private bankers, confirmed specialists and qualified management responds to clients’ asset requirements competently and confidentially.
AndBank Monaco SAM, the Monaco subsidiary of the Andbank Group, an international private bank with over 90 years of expertise and a presence in more than 12 countries, has selected the SBS Regulatory Reporting Solution of SBS. This partnership marks a significant milestone for SBS, as it represents the first SBS Regulatory Reporting reference operated on AWS SaaS by a bank in the Principality of Monaco.
They chose SBS
As a private bank operating in the demanding Monegasque market, AndBank Monaco needed regulatory reporting that could meet the rigorous standards set by local supervisors while covering a wide span of obligations. The bank chose the SBS Regulatory Reporting solution from SBS to address requirements such as RUBA, ANACREDIT, VUC and Basel risk calculations, among others, and to run them through a SaaS model on AWS. The project stands as the first SBS Regulatory Reporting reference operated on AWS SaaS by a bank in the Principality of Monaco, and it set out to give AndBank reporting capabilities aligned with current market standards. As part of the engagement, AndBank also joined SBS’s client referral program, reinforcing the collaboration between the two companies.
