A single SaaS platform for BSP Regulatory Reporting

that brings Accuracy, Traceability, on-time Submissions, and Continuous Compliance

Pre-built and easy-to-use product with all BSP mandated reports already available out of the box - be it FRP, non-FRP, ERREE, BRIS, etc.

Save on Capex through our SaaS offering delivered on a secure Cloud, reducing overall TCO!
API based BSP submissions
Gain 360-degree view of data across stages of submission
XML Converter to fast-track BSP submissions
Prebuilt reports, definitions, data flows, templates, DQ checks, submission formats to save you precious time in building ground up

Atumverse BSP Regulatory Reporting Platform – Take full control of your regulatory submissions

The Atumverse BSP Regulatory Reporting Platform is part of the Atumverse Central Bank Reporting Suite. It is the most comprehensive regulatory reporting platform that’s built to provide automated, on-time, and error-free submissions.
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With Atumverse BSP Regulatory Reporting, we have built an industry leading product with power packed functionalities:

Benefits of using Atumverse BSP Reg Reporting Platform

Software as a Service

Save on Capex and reduce overall TCO by 50%!

Eliminating the need for software installation, the Atumverse Regulatory Reporting platform is fully hosted on the cloud on a “Software as a Service” basis.
Utilizing Cloud Services, the platform, and all associated data is securely stored in the Philippines data center, ensuring compliance with domestic data storage regulations.
On signing up for the SaaS solution for Atumverse Regulatory Reporting for BSP, banks have a tenant provisioned within the Atumverse cloud. This would include the creation of certain aspects of the solution that are specific to your bank, such as the database and any others that have sensitive information.
This is to ensure the isolation of data across customers. So, when a bank user logs in, the user would have access to the bank’s data alone. Likewise, the upload and generated reports are stored in bank-specific file stores on AWS, to which no other banks would have access.
BSP Regulatory Reporting
Since the product is available on the cloud, banks get access to fixes and enhanced functionality before encountering the need for them.

Leverage our prebuilt XLS-XML converter and save on precious man hours

With BSP mandating XML submissions via API, Atumverse Data Regulatory Reporting XLS to XML converter helps you meet the requirement efficiently and on time.

With the prepackaged and plug-and-play design of the converter, banks save precious time by using a prebuilt solution without having to focus on deploying internal resources to build a solution from the ground up that typically fails to meet requirements.

BSP XML converter

The solution maintains a schedule of the regulatory reporting schedules due each day (based on the BSP's published frequencies for each schedule).

Users can log into our cloud deployment on AWS and upload the report data in XLS format for each of the schedules.

Each of these can have an associated workflow with one or more approvers, upon whose approval the reports will be formalized.

The approval requirements can be bypassed as well, at a schedule level.

Once all the schedules due for the day are uploaded and approved, the consolidation workflow kicks in, which performs validations across the uploaded schedules and generates a consolidated XLS and XML.

Change is Good

Migratory Services for banks using other BSP reporting products:

Our Regulatory Report migration services for banks, particularly when working with other reporting products, stand out as the industry's finest.

We employ a meticulous and comprehensive approach to ensure a seamless transition of reports from one system to another.

Our expertise in handling diverse regulatory reporting solutions, combined with a deep understanding of data structures and formats, allows us to efficiently migrate reports without any loss or data corruption.

Our skilled team meticulously maps and validates data, ensuring accuracy and completeness during the migration process. Our experience working with various competing products enables us to navigate complex challenges and deliver desired results at the lowest cost.

Moreover, our commitment to customer satisfaction is reflected in our personalized support, proactive communication, and adherence to strict BSP-mandated timelines. By choosing us for regulatory report migration services, banks can experience a smooth and hassle-free transition, allowing them to focus on their core operations with confidence without worrying about missing deadlines.

View all BSP FRP reports.

Blog Alert !

12 Common Mistakes to Avoid While Preparing and Filing BSP FRP Reports in the Philippines


What are the key BSP Regulatory Reporting requirements that Philippine banks and fintech companies need to comply with?

BSP Regulatory Reporting requirements include reporting on credit risk, market risk, operational risk, liquidity risk, and other relevant information. Philippine banks and fintech companies must comply with the reporting requirements outlined by the Bangko Sentral ng Pilipinas (BSP), which is the central bank of the Philippines.

What are the consequences of non-compliance with BSP Central Bank Reporting regulations in the Philippines?

Non-compliance with BSP Central Bank Reporting regulations in the Philippines can result in fines, penalties, and even the revocation of a bank or fintech company's license. The BSP takes regulatory compliance very seriously, and failure to comply with reporting requirements can have serious consequences.

How frequently should Philippine banks submit their BSP Regulatory Reporting to the Central Bank?

Philippine banks are required to submit their BSP Regulatory Reporting regularly, typically on a monthly or quarterly basis depending on the type of report. However, some reports may be required more frequently, such as daily reports for liquidity risk management.

How does the BSP Regulatory Reporting system impact the operations of banks and fintech companies in the Philippines?

The BSP Regulatory Reporting system plays a critical role in the Philippine banking and fintech industry by promoting transparency, accountability, and stability in the financial system. The reporting requirements provide the BSP with important information to monitor and manage risk in the financial system.

What are the common challenges faced by Philippine banks and fintech companies when it comes to BSP Central Bank Reporting?

Common challenges include the complexity of the reporting requirements, data quality and accuracy, and the need to ensure compliance with changing regulatory requirements.

Are there any best practices or tips that can help Philippine banks and fintech companies optimize their BSP Regulatory Reporting processes?

Best practices include leveraging technology and automation to streamline the reporting process, conducting regular data quality checks, and ensuring compliance with regulatory requirements through ongoing monitoring and reporting.

How can technology and automation help simplify the BSP Regulatory Reporting process for Philippine banks and fintech companies?

Technology and automation can help simplify the BSP Regulatory Reporting process by reducing manual processes, improving data accuracy and quality, and enabling real-time reporting. Automated reporting systems can help banks and fintech companies improve their compliance with regulatory requirements while reducing the risk of errors.

What are the most important data points that need to be included in BSP Central Bank Reporting submissions?

The most important data points include data on credit risk, market risk, operational risk, and liquidity risk. Specific data points will vary depending on the type of report and the requirements of the BSP.

Philippine banks and fintech companies should stay up-to-date with ongoing initiatives and updates related to BSP Regulatory Reporting, such as changes to reporting requirements or new reporting standards. Staying informed about regulatory changes can help banks and fintech companies ensure compliance and optimize their reporting processes.

How can Philippine banks and fintech companies ensure the accuracy and completeness of their BSP Regulatory Reporting data?

Philippine banks and fintech companies can ensure the accuracy and completeness of their BSP Regulatory Reporting data by conducting regular data quality checks, implementing automated reporting systems, and maintaining compliance with regulatory requirements. It is important to establish clear processes and procedures for reporting.

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