Enabling a Smooth Transition to RBI’s RBS Regime on an ADF Compliant Platform
Risk Based Supervision (RBS), a regulatory and governance global standard, is being used by regulators as a mechanism to allocate scarce bandwidth to the riskiest areas in the financial ecosystem, thus ensuring better return on investment. Introduced in India by RBI in 2014, RBS requires banks to submit 250 - 500+ quantitative data points along with several qualitative responses and support documents. This requirement could further increase, making it critical for banks to future proof. Fintellix RBS solution is designed to enable users to manage all phases of RBS including off –site surveillance, onsite inspections and monitorable action plans. Banks can go RBS compliant in the shortest possible time with pre-built components for data extraction and storage powered by a BCBS239 Platform. One of the key design principles is the flexibility to accommodate bank specific requirements - selecting applicable data points to assigning data point level owners, designing validation checks, pre-built dashboards to facilitate continuous monitoring ensuring timely submission.
Features
Pre-Defined Submission Workflow
Every data point passes through seven defined stages before being submitted to the regulator. Comprehensive status dashboards at each stage in the submission workflow. Easy to access historical submissions.
Team-Based Allocation of Data Points
Assign data points to different teams within the organization. Ability to split a single data point into multiple sub-data points Ability assign/re-assign data points
Document Collaboration
Powerful collaboration, document management.
Simplified Change Management
Enables business users to manage regulatory changes in a simplified manner, thereby, reducing dependency on IT teams.
Flexible Data Integration
Seamless integration with any core banking systems/Data Repository including Global Data Warehouses. Integrate gap data using files in .xls, .csv, .txt formats.
User Interface
GUI-based utility to manage Reference Data such as Industry Codes, Branch Codes etc. Business user friendly interface to maintain regulatory rules and data valuations.
Highlights of the Solution
Edit-Check Engine
Embedded Edit-Check engine to
create any number of user-defined
validation rules.
Data Lineage
Ability to drill-down from reported
fields to underlying accounts for
tracing errors and mismatches.
Data Adjustments
Support for data adjustments to
reported fields.
Create Structures
Ability to create user-defined table
structures to pass data adjustments
directly to the Data Hub.
Data Quality
Embedded Data Profiler tool to define
and validate against configurable data
quality thresholds.
Calendar
In-built calendar to automate
generation of reports at pre-defined
frequencies.
Metric Scaling
Configurable scaling factor for
reporting financial positions and
performance as per regulatory/
business requirements
Multi-format Reports
Ability to generate reports in multiple
reporting formats – XLSX, CSV, XBRL,
PDF, XFDF etc.
Version Control
Version controller for reporting forms
with the ability to archive and access
older versions.
Review Process Flow
Review Process Flow (RPF) engine to
easily create unlimited number of
user-defined workflows with any
number of approval levels.
Profile Management
User Management module to create
and manage users, roles and access
controls.
Audit Trail
System generated log files for
Audit Trail.
