Global Regulatory Reporting Platform Enabling a "codeless" Conversion from a Standardized Data Schema to Multiple Regulatory Formats
Convergence is occurring in Regulatory Reporting practices globally with the Data infrastructure aligning toward BCBS239/Automated Data Flow (ADF) etc. However, global banks still seem to be using in-country practices for the same, although data infrastructure is largely common across global operations. Fintellix provides a BCBS239 platform capable of leveraging existing data infrastructure such as Global Data Warehouses while allowing in-country teams to manage Local Regulatory Rules, Local Regulator driven data validations, Local Regulatory Templates and even some temporary data augmentation through an Auditable Data Management Platform. This ensures that the only dependence on IT is for the acquisition of data into an accessible data storage thus increasing the agility and decreasing the cost of compliance.
Features
Excel as a Reporting Tool
Pre-built business user friendly interface to develop report formats.
Document Collaboration
Powerful collaboration, document management.
XBRL-Enabled
Ability to generate reports in XBRL, PDF, XLS and other prescribed regulatory formats.
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.
