Banking – Challenge – Regulatory Reporting

Increase Governance and Reduce Risk in Regulatory Reporting

Regulatory Reporting is an activity faced by all firms in the financial community. It that involves resource and effort in order to comply, and risk and cost when not done in a timely and accurate manner.

The two principal challenges that regulated firms face are the acquisition of reporting data together with the monitoring of, and compliance with, regulatory change. Both of these challenges make impositions on a firm’s technical and business resources which are already subject to many competing priorities.

Why VERMEG

VERMEG addresses these and many other challenges with a solution that offers flexibility, robustness and richness of functionality with options ranging from full end-to-end automation to direct entry. AGILE Reporter is VERMEG’s Regulatory Reporting solution trusted by around 250 reporting institutions globally.

AgileREPORTER is a blend of prepackaged modules, e.g. templates, calculations, validations etc. with configurable flexibility in areas such as data integration and workflow that allows rapid time to value in precise accordance with client requirements. Its integration capabilities allow firms to solve the issue of data located in multiple source systems requiring collation and transformation before it can be used.

AgileREPORTER’s open workflow allows access at any point in the return production workflow, for example, to facilitate the use of data for MIS, as well as a flexible approach to data to facilitate lineage for each allocation from source to a cell. The flow of additions and amendments made by Regulators require expertise in analysis, interpretation and the execution of changes to data, calculation and validation.

AgileREPORTER’s Regulatory Update Service ensures that clients are supplied with regulatory changes to impacted solution components on a timely basis.

How we can help

AGILE Reporter can be deployed in-house, on premise, or over the cloud – be in your provider or through our Fully Managed Service on Amazon Web Services.
AGILE Reporter offers a wide range of implementation options to accommodate requirements from across the spectrum of financial organizations.
Process control and attestation approval workflows allow scrutiny and sign off of returns by the appropriate individuals whether a single path of approval for all or different depending on the class of return.