Rapid change is the norm in Regulatory compliance world-wide. Form, content, format and calculation are constantly being changed by the Regulatory bodies to drive a stable financial ecosystem. Fintellix Regulatory Reporting helps a Financial Institution comprehensively manage reporting to the Central Bank and/or other regulatory bodies via automated data submission of mandated reports. Fintellix enables a ‘straight-through’ processing of information for quality and timeliness of data and with zero manual intervention for data accuracy and integrity. Fintellix Regulatory Reporting is available for India (RBI ADF Compliance), Mauritius (BOM), US (FFIEC, SEC, FRB) as well as multiple other countries [Saudi Arabia (SAMA), Singapore (MAS), Philippines (BSP), HongKong (HKMA) and Australia (APRA)].
Translating the data from the Banking systems into the Regulatory reporting lines and managing submissions in an automated fashion takes a heavy toll on the resources in the Bank’s Finance, Risk and compliance teams. Fintellix Regulatory reporting is a flexible, configurable white-box system that helps convert raw data from the banking systems into Regulatory submissions with full data lineage and easy audit of the data flow.
- Robust platform offering.
- Configurable business rules.
- In-built Reference Code Management for all recommended reporting codes by regulatory body.
- Configurable maker-checker process based submission with audit trail.
- Extensibility and Scalability.
- Platform Agnostic.
- Improved Business Performance.