Regulatory Reporting and Compliance

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. …

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Non-Fungible Tokens (NFTs): A Beginner’s Guide​ Navigating the creators’ economy: Non-Fungible Tokens (NFTs) Remember life before money? What an absurd question to ask, one may wonder. We are well familiar with the history of evolution of money- going from tangible objects like shells, metal, paper bills, and plastic cards to the intangible- net banking and …

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Card On File Tokenization And How It Stands To Impact Consumers And Businesses Your favorite streaming platform, online shopping app, electricity bills, broadband bills, miscellaneous online expenditure- what do they all have in common? As a 21st century user, chances are that you must rely heavily on digital payments, including credit/debit card-based payments across platforms …

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Indian Banking Ecosystem To Undergo Revamp With RBI’s Mandate On UCB Automation Author: Kamal Sharma, Business Development Head – Regulatory Practice, Profinch As with every other sector and industry post COVID-19, the Indian banking system has also become increasingly hybrid. However, the banking system is one of the first sectors to have experienced consistent digitisation, …

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RBI Reporting Made Simpler With Atumverse-Data ‘Regulatory reporting’ is the submission of raw or summary data needed by regulators to evaluate a bank’s operations and its overall health, thereby determining the status of compliance with applicable regulatory provisions. India, being a mixed economy, has its corporates run hand in hand with the central bank, RBI. In …

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Everything About IFRS 9 – Is It Compliance, Excellence Or Innovation? Preamble There is a lot written about IFRS 9 already. During our internal research and sales question-answer sessions, many of the colleagues reported how the information has been dispersed across sources for someone to get an actionable bird’s eye view around IFRS 9. The …

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IFRS 17: Challenges, Opportunities and the Pressing Need to Automate Hailed as the most significant change to insurance accounting requirement in over 20 years, IFRS 17 will have far reaching strategic implications which will affect organisations beyond their finance function. But before we branch off into the why and how, it is important that we understand the what part of …

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