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  • Praim supports financial institutions in the implementation of policies related to RegTech regulatory technology

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Praim supports financial institutions in the implementation of policies related to RegTech regulatory technology

by Grandangolo Communications / Tuesday, 26 April 2022 / Published in Praim

The Italian vendor offers flexible and scalable solutions that ensure financial transactions in absolute security

Praim, a global company that develops software solutions for the creation and management of advanced workstations and Thin Client hardware solutions, provides financial institutions with an entire ecosystem of solutions aimed at facilitating the digital transformation of these organizations and allowing them to best invest the resources allocated to RegTech regulatory technology.

The aspects on which RegTech is based are of a bureaucratic and procedural nature, and are fundamental precisely for companies that operate mainly in the financial, banking and insurance sectors. For Praim, RegTech means innovation, technology and transformation. Key words to the success of many businesses and pillars on which Praim has always based itself.

"In particular, for financial institutions, Digital Transformation presupposes total innovation, which changes the concept of "banking". The transformation paths involve every aspect, from strategies for new Marketing and CRM services, to business intelligence solutions to manage and analyze the new potential of services, but also control risks to ensure business continuity. - he explains Jacopo Bruni, Marketing Manager di Praim. – Furthermore, in a market that is increasingly moving towards online and where the relationship with the customer is mainly digital, the level of transparency and simplification becomes an element of differentiation. The digitalisation of processes must guarantee absolute simplicity and transparency, ensuring high security and continuity of service, which is why technological choices are very important."

Application complexity has slowed down the transformation of banks towards new digital services, even considering that public or private cloud solutions or hybrid solutions exist to implement these services. Digitalization must be accelerated with specific attention to security which cannot be implemented solely with technological components, but requires careful training of the human resources involved in the company's internal processes.

Praim provides solutions to complete the security strategy, both through Thin Client devices and software solutions. THE Thin Client Praim, by their nature, do not require writing to disk, are therefore practically "unhackable" and constitute a secure alternative to PCs in a virtualized environment, providing performance and multi-monitor support. Finally, in addition to limiting investment in endpoints and reducing energy consumption, they make the company infrastructure flexible and more scalable.

The company also works to standardize the management of the technology used in the finance sector, both for the counter and back office environments. The typical workstations of this sector well represent the criticality of the management of peripherals connected to PCs and which require maximum efficiency and reliability: printers (with very different characteristics), check scanners, graphometric signature tablets and cash dispensers. To achieve this objective, Praim created the software ThinOX4PC and the management console ThinMan, which allow the system administrator to have everything installed under control and be able to manage it directly from the IT department.

“Important banking institutions adopt our solutions, and among these we indicate BCC Banca Annia, Cassa Rurale Alto Garda, Cornèr Banca, Servizi Bancari Associati, Generali Assicurazioni, Hypo Alpe-Adria-Bank, ITAS Assicurazioni, Raiffeisen, just to name a few” concludes Bruni.

Praim has always invested in R&D to keep up with technological development and to provide complete, secure and compliant hardware and software solutions that simplify the management of IT resources, maximize investments and save precious time. The company is a certified partner of Citrix, VMware and Microsoft and has signed more than 20 Tech Alliances to ensure the continuous supply of cutting-edge technology to businesses and financial institutions.

Always committed to integrating the best solutions available into its products, Praim supports the customer with tools that are simple to use and implement but which ensure high performance, in response to the growing needs for maximum efficiency coming from companies and organizations in the public sector. It offers a complete system to create and manage powerful, secure, efficient and cloud-ready hardware and software workstations, thus accompanying its customers in the Digital Transformation process.

Tagged under: praim, RegTech

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