REGULATORY REPORTING APPLICATION FOR BANKS & FINANCIAL INSTITUTIONS

IRIS iDEAL^TM 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 iDEAL^TM 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

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  DATA EXTRACTION

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

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  XBRL PROCESSING

  An XBRL processor engine generates a valid XBRL instance document with data tagged as per the taxonomy specifications.

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  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.

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  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.

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  AUDIT TRAIL

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

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OUR OTHER PRODUCTS

• IRIS iFILE
• IRIS PROTON
• IRIS CARBON
• IRIS DCP
• FATCA Reporting
• IRIS iDEATE
• IRIS iFIRE

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