International high-quality regulatory reporting solution ensuring compliance with existing laws
Owing to regulatory reporting requirements for banks, financial service providers are facing major challenges in terms of 'data delivery’ and 'process design'. FlexFinance Regulatory Reporting reduces the cost of complying with regulatory reporting requirements.
Reliability and quality ensured by a standard system compliant with existing laws
FlexFinance Regulatory Reporting provides banks with a reliable standard system that is compliant with existing laws and that also greatly improves internal data quality and efficiency.
Minimum data requirements
FlexFinance Regulatory Reporting only needs raw deal data, which are then completed using numerous algorithms and make delivery of pre-processed or aggregated data unnecessary.
Comprehensive compliance with all regulatory reporting requirements at the international level
FlexFinance Regulatory Reporting and its components cover existing reporting requirements for national financial institutions and their international subsidiaries in their entirety and automates the routine tasks related to regulatory reporting requirements.
Efficient COREP and FINREP reporting
FlexFinance Regulatory Reporting takes the Basel II requirements and changes in banks’ risk situations into account and provides corresponding COREP (Common Solvency Ratio Reporting) and FINREP (Financial Reporting Framework) support.
Benefits:
- Consistency and traceability thanks to comprehensive, reproducible data sets including a complete history.
- Minimum data requirements
- All routine tasks operate automatically, which conserves resources
- Rapid implementation and configuration via business templates
