NAB Supplier Award
DWS Limited (DWS) has won the NAB Supplier award for Product / Service Excellence at an awards ceremony held in Melbourne on Wednesday the 27th of November.
DWS was successful in the award category ‘Product/Service Excellence’ where it demonstrated initiative, dedication, reliability, responsiveness and collaboration.
DWS was recognised for its involvement in the G20/Dodd Frank program delivery of work which began following the Global Financial Crisis when the U.S Treasury initiated the G20 Regulatory Reform Program.
As a result, NAB was required to report all trades with U.S entities. The Dodd-Frank Trade Reporting Engine (TRE) project was developed and NAB engaged DWS to design, develop and deliver a technology based reporting solution to meet U.S regulatory requirements.
DWS drew on its NAB specific intellectual property, accumulated across its nine year partnership with the financial institution, to deliver a near real-time trade submission solution that reports trade details to the Global Trade Repository in the U.S.
Globally, NAB was one of only ten institutions to implement the TRE solution within the required timeframe and was able to continue with billions of dollars in annual U.S trades as a result.
DWS Chief Executive Officer Danny Wallis said that ‘this award reaffirms our partnership with NAB and recognises the exceptional effort, dedication and professionalism of the DWS team.”