SIA-SSB Wins SDA Bocconi 'Best Innovation Award' 2007 For Its MIFID Solution

SIA Eagle, the first technology platform in Europe dedicated to financial operators and complying with the new regulatory requirements and capable of ensuring protection to investors, has won "Best Innovation Award" from the SDA Bocconi management school, in the category

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SIA-Eagle, the first technology platform in Europe dedicated to financial operators and complying with the new regulatory requirements and capable of ensuring protection to investors, has won “Best Innovation Award” from the SDA Bocconi management school, in the category “Software and ICT Services”.

The ceremony for the “Best Innovation Award 2007”, a benchmarking project organized by SDA Bocconi School of Management, to which over 5,000 Italian companies were invited to participate, took place this morning at SDA Bocconi in Milan with the presentation of the Targa Oro prize.

The judgment criteria used in the selection process included those corporate characteristics that define a company as a standard-bearer of true innovation, the leading competitive factor thanks to its ability to constantly generate new products and services and operate successfully on international markets.

SIA-SSB received the award for achieving excellence in its innovation capability consistent with its choices as far as strategy, organizational structure, management methods and technology investment are concerned.

SDA Bocconi’s “Best Innovation Award” jury chose SIA-SSB “for its proactive approach to the market, in other words its ability to anticipate the scenarios and emerging needs of the international financial markets and translate them into new applicative solutions and functions at the disposal of a vast range of customer segments. SIA-SSB is able to couple this superior understanding of the market with a process of development of new ICT applications and services that takes the form of a collaborative approach with customers, financial institutions, research centers and industry associations,” says SDA Bocconi.

SIA-EAGLE is currently used by over 60 Italian and foreign financial operators from twelve different market segments. As far as Supervisory Authorities are concerned, the platform is already being used successfully by the Treasury Ministry of the Czech Republic.

“Developing a true culture of innovation within companies is not simple, nevertheless this is the only way to be able to compete at a high level on international markets. This award therefore confirms that the innovation process that distinguishes every aspect of SIA-SSB’s everyday activities is, once again, the true competitive value and unique feature of our company,” says Renzo Vanetti, CEO, SIA-SSB.

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