REGULATORY REPORTING APPLICATION FOR BANKS & FINANCIAL INSTITUTIONS
IRIS iDEALTM is a vital bridge application between a BFSI organisation’s central data repository (CDR) and Central Bank or regulator’s reporting system. The ’bridge’ enables any data element from the BFSI’s CDR to be mapped with a tag from the regulator’s taxonomy while taking care of complex XBRL properties in the background. The product is offered in both the popular technology stacks of .Net and Java.IRIS iDEALTM is one of the first products to use the recently released Table Linkbase specifications for mapping and rendering of complex regulatory reports, bringing drag-and-drop like ease in mapping data elements with XBRL tags.
IRIS FATCA Reporting Solution – An extension of iDEAL™ built specifically for banks and financial institutions to meet their reporting requirements around the FATCA (Foreign Account Tax Compliance Act) regulation. CLICK TO KNOW MORE.
IRIS iDEAL FEATURES
Capable of extracting data from CDRs in multiple file format (db, text) Also has the capability to support XML data directly.
An XBRL processor engine generates a valid XBRL instance document with data tagged as per the taxonomy specifications.
MAPPING DATA ELEMENTS WITH XBRL TAGS
An intuitive mapping tool that displays a regulator form as-is and allows users to map an extracted element with any field of the form by a simple drag and drop operation.
The built-in intelligent validations are executed at runtime to validate for XBRL rules. Custom validations based on internal business rules can also be implemented prior to XBRL conversion.
Track operations of users who have access to the iDEAL application, for compliance purposes.