IDOM AUTOMATES REGULATORY REPORTING FOR BNP PARIBAS - REG-Reporter Live at the New York Offices of French Banking Giant IDOM, Inc. today announced that they have expanded their long-term relationship with the New York branch of BNP Paribas, one of Europe`s largest banking institutions, as they have successfully implemented IDOMs REG-Reporter to automate their regulatory reporting.NEW YORK, NY (PRWEB) December 26 2003--- IDOM, Inc. today announced that they have expanded their long-term relationship with the New York branch of BNP Paribas, one of Europe`s largest banking institutions, as they have successfully implemented IDOMs REG-Reporter to automate their regulatory reporting.REG-Reporter automates compliance with reporting requirements to regulatory authorities, management and head offices, and helps ensure the accuracy and integrity of financial reports while increasing the efficiency of reporting. It combines data from all of the banks operating systems into a central data repository, where key information is translated into standardized data. The resulting data is then compiled into required report formats recognized by regulatory agencies such as the Federal Reserve Bank.IDOMs President & CFO, Vincent Raniere commented, Although BNP Paribas was a long-term client of ours, they still executed a comprehensive due diligence process which included issuing RFPs to potential solution providers, and conducting a thorough investigation of each, before ultimately selecting IDOM. They are a valued client of ours and we are extremely pleased that we were selected and are able to build on our already strong relationship with them.IDOM, Inc. is a leading provider of banking automation products and management consulting services to the financial sector. In business since 1988, the firm, headquartered in Newark, N.J., and with subsidiary locations in Miami and London, is comprised of career bankers and systems specialists with expertise in financial operations, management, compliance, disaster preparedness, accounting, and reporting. IDOM`s principals and co-founders, Chairman and CEO Stephen Codignotto and President and CFO Vincent Raniere are recognized for their banking systems and technology expertise in both the United States and overseas. The companys software products include its industry-leading REG-Reporter, an automated regulatory reporting solution, and DOC-Tracker, a document and compliance management software application.
