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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

  • DATA EXTRACTION

    Capable of extracting data from CDRs in multiple file format (db, text) Also has the capability to support XML data directly.

  • XBRL PROCESSING

    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.

  • VALIDATIONS

    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.

  • AUDIT TRAIL

    Track operations of users who have access to the iDEAL application, for compliance purposes.

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iDEAL CUSTOMERS

TESTIMONIALS

  • 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

  • iFile Lite is a good interface and user friendly.

    Vinay Patni, Reliance Infrastructure Limited
CASE STUDIES
  • DBD, Thailand Simplifies Regulatory Reporting using XBRL

    In January 2015 the Department of Business Development (DBD) under the Ministry of Commerce (MoC), Thailand introduced XBRL for voluntary electronic submission (e-filing) of financial statements of legal entities /businesses for the FY2015 reporting period and onwards. This was done to facilitate rapid and accurate disclosures, vital for transparency, efficiency and accountability.

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