Commerzbank to implement Ideagen’s audit tech
Commerzbank is to implement Pentana Audit, a software system from Ideagen, for its internal audit operations.
Ideagen provides compliance, audit, control and risk management solutions to banks, accountancy firms and financial services organisations.
According to Ideagen, its Pentana Assurance suite of software – which includes Pentana Audit, Performance and Disclose – consolidates into a functionally complete internal audit, compliance and oversight software suite.
The vendor says it has recorded a “significant percentage growth” in its accounting, banking and finance operations in the current financial year.
Ideagen’s clients in the financial services space include BBVA, European Central Bank (ECB), Standard Life Aberdeen, mBank, the Commission de Surveillance du Secteur Financier (CSSF, Luxembourg’s financial regulator), Spirit of Texas Bank and BDO Unibank. The latter has recently expanded its deployment of Pentana Audit from the UK to the US, Australia and South Africa.
