City Bank
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
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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.
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CREDIT MANAGEMENT
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.
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MIS
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.
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RISK MANAGEMENT
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.
Our OFFERINGS
- Products
- Services
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IRIS iDEATE
Taxonomy Development
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IRIS iDEAL
BFSI XBRL Reporting
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IRIS DCP
IRIS’ Data Consumption Platform
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FATCA Reporting
IRIS FATCA Reporting Application for Banks
TESTIMONIALS
CASE STUDIES
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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.
More Case Studies
BLOG
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The Securities and Exchange Board of India is set to widen its ESG disclosure requirements to the top 1,000 listed companies by market capitalisation in India.
WHITE PAPERS
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SEC announced on June 13, 2016 that it will allow companies to voluntarily file structured financial statement data in Inline XBRL. What Does this Announcement Mean for Filing Companies? Read our White Paper on Comprehending SEC's Inline XBRL Filing for filers.