Case-study

Since deploying both the Excel and database versions of iDEAL at Unity Bank, we’ve seen a significant boost in the accuracy and efficiency of our regulatory reporting. Both versions are running smoothly, and the support we’ve received for each has been exceptionally quick and effective. The application’s ability to handle complex reporting requirements effortlessly is truly impressive. We also appreciate how swiftly new regulatory changes are integrated, which has greatly reduced our compliance risks. The support team’s expertise and responsiveness have been instrumental in keeping our reporting processes seamless and efficient.

Santosh Singh

Information Technology,

Unity Bank

We have been using the IRIS iDEAL application since 2020 for the CIMS Project and is an effective tool for managing regulatory reporting requirements. Its flexibility to accommodate regulatory changes along with its built-in consistency checks and error handling features has been impressive and significantly supported for timely submissions of returns to the regulator. We have found M/s Iris to be a reliable partner and the support that we received from their team so far has been immense

Sudeep C D.

Manager (IT)

Dhanlaxmi Bank

iDEAL has streamlined our regulatory reporting process, enhanced efficiency and reduced the time investment required. We especially appreciate its intuitive interface, which has greatly simplified the training of our team members. The reports generated are consistently accurate, giving us confidence in our ability to meet regulatory requirements. Additionally, the prompt support for any issues or queries has been a notable strength of the application. The support we’ve received, especially during crucial Submission periods, has been outstanding, Thank you for being there for us.

S. M. SHAFIQ AHMED

CISO, SONALI BANK PLC

KOLKATA BR, INDIA

iDEAL has streamlined our regulatory reporting process, enhanced efficiency and reduced the time investment required. We especially appreciate its intuitive interface, which has greatly simplified the training of our team members. The reports generated are consistently accurate, giving us confidence in our ability to meet regulatory requirements. Additionally, the prompt support for any issues or queries has been a notable strength of the application. The support we’ve received, especially during crucial Submission periods, has been outstanding, Thank you for being there for us.

Niranjan Kumar

ADF/MIS Department

The Nainital Bank Limited, Nainital

Using IRIS iDEAL has simplified our reporting process, making submissions to the RBI smooth and efficient.

The feature we appreciate most is the built-in mandatory validations, which have significantly reduced errors and increased our confidence in the RBI CIMS reports.

Tushar Shinde.

MUFG Bank

Introducing iDEAL into our bank’s regulatory reporting has brought significant change. Its capability to convert data into XML format has greatly simplified submissions to the CIMS portal, ensuring full compliance with RBI guidelines. We’ve noticed marked improvements in both accuracy and efficiency, and its user-friendly interface makes handling complex reports much easier. The timely support has also been crucial, establishing iDEAL as a vital component of our regulatory reporting system.

Anuradha Shrivastava.

Information Technology,

IndusInd Bank, IBL House, Andheri East, Mumbai

iDEAL has helped in streamlining our regulatory XBRL & Non-XBRL instance generation/reporting process, enhancing efficiency and reducing the time investment required. We especially appreciate its intuitive interface, which has greatly simplified the training of our team members. The reports generated are consistent wherever sample evaluated and giving us confidence in our ability to meet regulatory requirements/changes incorporated in CIMS production. Additionally, the prompt support for any issues or queries (i.e. business validations) has been a notable strength of the application.

The support we’ve received, especially during crucial Submission periods, has been satisfactory from every angle. 

Karthick Kamath,

Manager, Technology & Digital Hub (IT – Dept)

Karnataka Bank Ltd, Bengaluru

Our regulatory reporting process has been transformed by IRIS iDEAL®, which delivers exceptional accuracy and reliability in data generation, ensuring full compliance with RBI mandates. The swift implementation of regulatory updates keeps us ahead of evolving requirements, and the proactive, responsive support team makes IRIS iDEAL® an indispensable tool in our operations.

Rajeev K

Senior Manager, Planning – MIS Division

Federal Bank, Kerala

With iDEAL, we’ve experienced a remarkable boost in both the accuracy and speed of our regulatory reporting. Its seamless handling of complex reporting requirements is truly impressive. The swift implementation of new regulatory mandates has significantly lowered our compliance risks. The expertise and dedication of the support team have been invaluable in ensuring smooth, uninterrupted reporting processes. 

Shobhit Bhargava

Chief Manager, Data Analytics Department (DAD) 

Bank of India, Mumbai 

The compliance burden, given the volume and complexity of our reports, was overwhelming. iDEAL has alleviated this challenge by simplifying the entire reporting process, from data validation to submission, significantly reducing our workload and improving efficiency.

Manish Arjun Mathurvaishya

Chief Manager, Data Warehouse Department,

Bank of Baroda, Maharastra