Data Challenges in Regulatory Reporting There are numerous challenges in preparing regulatory reports demonstrating a financial organisation’s compliance with regulations. The foremost of all challenges faced by a financial organisation is securing the right data that is required for preparing such reports.Let us look at the main data challenges in the preparation of regulatory reports …
Future of Regulatory Reporting with Technology advancements Table of content Differences between regulatory reporting and MIS or BI reporting Bank’s perspective Data Infrastructure Thinning line between data, digital, and regulatory reporting Data platform: The platform should enable a bank to Digital platform: The platform should enable a bank to Regulatory Reporting Platform: The platform should …
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12 Common Mistakes to Avoid While Preparing and Filing BSP FRP Reports in the Philippines Table of content Inconsistent and inaccurate reporting Lack of documentation Incorrect mapping of data Lack of transparency Insufficient validations Inaccurate interpretation of the regulation Inefficient data infrastructure Adhoc changes in response to regulatory changes Unauthorised Report Submissions Uncontrolled manual adjustments …
Modernizing Core Banking Legacy Systems for Digital Transformation Table of content Introduction The Challenges of Legacy Systems What Works in Core Banking Legacy Modernization Define a clear modernization strategy Embrace an incremental approach Leverage microservices architecture Adopt DevOps practices Ensure data quality and security Building a layer over the core What Doesn’t Work in Core …
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Financial Crimes and Compliance: A Comprehensive Guide Table of content What are the types of Financial Crimes? What is Financial Crime Compliance? Oracle Financial Crime Compliance Management Profinch: Your Preferred FCCM Partner With the growth of technology and globalization, financial crime has become a growing concern for banking and fintech institutions. Over the years, financial …
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Oracle Flexcube Detailed Guide Table of content What is Oracle Flexcube? What is Oracle Flexcube used for? What are the features of Oracle Flexcube What are the benefits of Oracle Flexcube? What are the banking challenges that Oracle Flexcube solves? What is the Oracle Flexcube Implementation process? Profinch: Your Preferred Flexcube Implementation Partners What are …
History of Banking Table of content How did banking start? What is the barter system? What is a Gift Economy? What Changed in the Banking Industry During the Early 20th Century? How did the Great Depression affect the banking industry? How did globalization and deregulation impact the banking industry? The impact of globalization on the …
The Future of Branches in Banking Table of content The importance of bank branches in a Digital-first world Customer satisfaction plays a crucial role in the future of bank branches What is the future of Bank Branches? How to improve the in-person banking experience? A customer-centered approach with a blend of AI is the way …
IoT and its significance in Financial Services Industry The Internet of Things (IoT) is bringing in the next industrial revolution and drastically transforming how we live and experience technology today. IoT technology has a positive impact on Fintech companies and banks’ work. Banking is becoming more convenient thanks to the Internet and many connected devices. …
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Revolutionizing Indian Banking Ecosystem With RBI’s Mandate On Digital Banking Unit (DBU) In the last budget speech, the finance minister announced setting around 75 digital bank units in 75 districts. Closely following the heels, RBI, on 07th April 2022, released a mandate to set up a Digital Banking Unit(DBU). The circular has come into effect immediately. …
