products

Compliance solutions

Banks and financial institutions today face more and more challenges in handling increasingly complex compliance requirements. Financial Studio's compliance solution enables you to meet regulatory demands for stricter compliance, while gaining additional business benefits by improving reporting flows, improving return on IT investment, and turning compliance into a cost-saving exercise.

Financial Studio's compliance module offers standard and certified regulatory reporting functions, based on pre-defined reporting templates. It can be used as an integrated part of any Financial Studio solution or as a stand-alone module, meeting all your compliance requirements for financial reporting in these key areas:

Regulatory reporting

  • automated compliance with reporting requirements from regulatory authorities, management, and head offices,
  • helps to ensure the accuracy and integrity of financial reports while increasing reporting efficiency,
  • automated population of reports using a flexible, user-driven allocation wizard,
  • maintains report formatting and validation rules within the system,
  • includes updates whenever changes are imposed by the regulatory bodies.

Basel II and III compliance reporting

  • support for specific Pillar 1 / Pillar 2 / Pillar 3 regulatory reporting in different jurisdictions, 
  • includes pillar 1 credit risk reporting with exposures before and after credit risk mitigation, broken down by industry sectors, asset classes, maturity bands, countries..., as well as market and operational risk,
  • includes pillar 2 reporting with interest rate risk sensitivity, liquidity, concentration risk,
  • produces the technical delivery mechanism as per supervisor details technical specifications (xml, xbrl, etc).

Liquidity compliance reporting

  • provides new liquidity compliance reporting as per new Basel III related regulations (e.g. UK FSA048 etc.),
  • seamlessly integrates with Financial Studio liquidity risk management solution which provides the figures to be reported.

IFRS compliance reporting

  • includes all relevant IFRS requirements for both internal and external reporting,
  • provides extended audit trail and drill down functionality,
  • automates the workflows involved with preparing IFRS accounts and statements.

The increased use of IFRS is not limited to public listed companies. Many regulatory and government bodies are now also looking to IFRS to fulfil local financial reporting obligations and to provide the guidelines for statutory and regulatory reporting.

Sarbanes-Oxley Act (SOX)

Financial Studio's compliance solutions contain a broad range of internal reporting controls, information security functions, performance management functions, and financial reporting capabilities.

When used properly, these provide many of the features required by an organisation’s CEO and CFO for managing financial reporting risks and certifying financial statements and internal controls under the Sarbanes-Oxley Act.

FinArch as your strategic partner

Banks and financial institutions from all over the world - from Europe, the Middle East, to the Americas and Asia - , apply Financial Studio to meet with its Compliance requirements. Read why the following customers selected Financial Studio to meet a.o. their reporting needs:

Want to be compliant quickly and swiftly ? Contact us.