In order to deepen financial revolution, further enhance off-site regulation, and improve bank industry regulation efficiency and risk managing level, the project "Banking Financial Institutions Regulation Information System (Project 1104)” was launched leading by CBIRC.
This system breaks the old situation of on-site checking and compliance regulation. According to the different reporting paths, reporting frequency, reporting institutions and reporting methods, the system forms all types of bank index data into specific formula and report to CBIRC. These data covers bank asset-liability ratio, credit risk, capital adequacy ratio, etc., which greatly enhances CBIRC off-site regulation power. Due to the features of large amount, complicated report formula, wide data source, short reporting period, high requirement of accuracy in off-site regulation reports, banks are facing great pressure in reporting.
Based on above situations, RIKING launched CBIRC 1104 regulation reporting system. The system user can customize report extract data logic, collect data, verify data, generate report, which will reduce labor involve, greatly increase the work efficiency and quality and ensure the accuracy and timeliness of the regulatory submission.
In addition, for some financial institutions with low automation demands, RIKING can also provide a separate report verification module (1104 report verification software) to them, which can not only reduce costs, but also ensure the accuracy of report data.
Complete Data Model and Accounting Subject List
This model can cover various business data of financial institutions; the institutions business data and RIKING’s accounting subject can be fully mapping.
Complete Data Preverification Function
This system can cross verify the data of various business types and business scenario; the new business types occurred in the source data can be timely warning and data processing can be given.
Visual Report Logic Configuration
In Excel, the report logic can be configured in Chinese, the user can also adjust the logic in time according to the actual requirements.
Efficient Report Generation Mechanism
System adopts efficient caching mechanism to load data, which can automatically and quickly generate a batch of financial statements.
Accurate Data Tracing Ability
The system automatically establishes the data index mechanism for each report, which can trace the source of each table cell.
Update with Regulatory Requirement
It can quickly cope with the update requirements of the regulatory agencies through the visualized logical configuration of reports.
Through the unified management of software, the operating cost and maintenance cost can be greatly reduced. The automatic processing process can replace the manual processing process, to improve users' work efficiency and guarantee the accuracy and standardization of data and reduce the error rate at the same time.
Meanwhile, we can help you optimize the regulatory reporting business process and update the system in accordance with the latest regulations issued by relevant regulatory authorities.
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