COMPLIANCE & ANALYTICS SOLUTIONS FOR BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI)
BFSI organisations across the world are facing the challenge of tighter regulation and having to deal with disparate information systems. Our solutions can help you streamline business and statutory reporting processes and enable interoperable data communication. Also, key internal processes such as loan and credit management can significantly save on time and costs with XBRL.
BENEFITS FOR BFSI ORGANISATIONS
CAPITAL ADEQUACY REPORTING
Our solutions can help develop XBRL based reporting solutions in this core area based on Basel II standards for banks (and now Basel III) and Solvency II for insurance.
Our XBRL-enabled credit solutions help banks take quicker and informed lending decisions throughout the loan lifecycle. Beyond the obvious benefits of efficiency, automation and error-free processing there are other values to be tapped like getting early warnings on NPA.
Format agnostic XBRL based reporting can significantly reduce the incidence of error and enhance flexibility in MIS reporting leading to tremendous savings compared to spreadsheet, word processor and PDF format based internal reporting.
Major work in monitoring credit, operational or market risk within BFSI organisations is in data collation from multiple sources and re-entry into a risk management application. We leverage XBRL to automate processes so that you spend more time analyzing data rather than gathering it.