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COMPLIANCE & ANALYTICS SOLUTIONS FOR CENTRAL BANKS


Our work with the Reserve Bank of India (RBI) - one of the earliest XBRL projects among central banks in the world - started with defining their XBRL roadmap and ever since we have partnered in their XBRL journey. We have a global solution offering for Central Banks and this covers the international Basel II and Basel III standards.

 

BENEFITS FOR CENTRAL BANKS

  • BANKING TAXONOMY

    Develop and implement multidimensional XBRL taxonomies for central banks covering capital adequacy, risk reporting and solvency ratios.

  • CAPITAL ADEQUACY REPORTING

    We have developed extensive XBRL reporting for central banks to regulate capital adequacy within banks based on Basel II & III standards.

  • END TO END XBRL SOLUTION

    Comprehensive solution beginning with data collation and report creation by financial institutions to analysis of the reported XBRL data by the central bank's stakeholders.

  • EFFICIENT REPORT

    Our platform solution performs stably and scales well under continuous and voluminous filing, the usual characteristics in bank reporting.

  • DATA READY FOR ANALYSIS

    No need to work with reported data to make them analysis ready. With our solutions the XBRL tagged data can be flown into analysis or comparison templates without transforming data manually.

  • AUTOMATED FILINGS

    Reporting banks benefit by eliminating the need to manually process, compute and file reports with the central bank. Our solutions need a one-time setup and there on the accuracy and integrity of data is maintained by the automated process.

  • STRAIGHT-THROUGH PROCESS

    Data in the report templates is sourced directly from the reporting financial institutions’ central data repository with no manual intervention. This ensures that the data submitted with the Central Bank will always be trustworthy.

  • INTEROPERABILITY

    With a banking XBRL taxonomy Central Banks can effectively promote interoperability across financial information systems in the industry they regulate, making information more accessible and transparent.

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  • We worked with IRIS for 2 years and have had an excellent experience. All our queries and suggestions were well accepted. Keep it going.

    Shreya Arora, Polar Industries Limited
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    Vinay Patni, Reliance Infrastructure Limited
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