Erste Group Boosts Compliance with Scila’s Advanced Trade Surveillance Technology

Erste Group Boosts Compliance with Scila’s Advanced Trade Surveillance Technology

(IN BRIEF) Scila AB, a leader in trade surveillance and risk management technology, has announced that Erste Group, a major European financial institution, has successfully implemented Scila Surveillance. The cloud-based solution is designed to monitor global trading activities across multiple asset classes, helping Erste Group uphold market integrity, mitigate financial crime risks, and ensure regulatory compliance. Both organizations express optimism about the partnership, highlighting the advanced capabilities Scila’s technology offers in managing compliance risks.

(PRESS RELEASE) VIENNA/STOCKHOLM, 27-Sep-2024 — /EuropaWire/ — Scila AB, a prominent independent provider of trade surveillance, risk management, and anti-money laundering (AML) technology, has announced that Erste Group, a leading European financial institution, has successfully deployed the Scila Surveillance system. This advanced, cloud-based solution is designed to monitor global trading activities across various asset classes and bolster market integrity by mitigating financial crime risks and ensuring regulatory compliance.

Mikko Andersson, CEO of Scila AB, expressed his enthusiasm for the collaboration, stating, “Scila Surveillance equips Erste Group with the advanced tools necessary to protect market integrity and investor confidence in today’s fast-evolving financial landscape.”

Iris Bujatti, Chief Compliance Officer of Erste Group, also highlighted the benefits of the partnership, noting, “We are excited to work with Scila, as their Trade Surveillance Solution aligns with our commitment to managing compliance risk through cutting-edge technology.”

Scila AB Scila provides advanced solutions for trade surveillance, anti-money laundering and risk management. The company Scila was founded early 2008. All of the founders have a background either from surveillance departments or working with high-throughput transactional technology within the financial industry. Throughout the rapid growth of the Scila company a strong focus has been maintained on the recruitment of top-talent. This solid base of superior domain and technology knowledge has been combined with a strategy of independence from any market participant and no reliance on external capital. This very deliberate strategy gave Scila both the focus and freedom to develop innovative products that deliver true value to the customer.

For additional information about Scila AB, please visit www.scila.se

Erste Group is the leading financial services provider in the eastern part of the EU. Its ca. 45,000 employees serve 16.4 million customers in around 2,000 branches in 7 countries (Austria, Czechia, Slovakia, Romania, Hungary, Croatia, and Serbia). For the first half of 2024, Erste Group had 344 billion euros in total assets, posted a net profit of 1.6 bn euros, and had a common equity tier 1 ratio (pro forma) of 15.5%.

Media Contacts:

Scila AB:
Lars Gräns Rodhe
Chief Revenue Officer (CRO)
Email: lars.grans@scila.se

Erste Group:
Martin Sonn-Wende
Spokesperson
Email: martin.sonn-wende@erstegroup.com

SOURCE: Scila AB