• Regulatory Requirement

    In order to improve the interest rate monitoring system, comprehensively, accurately and timely master the implementation and pricing situation of the local financial institutions’ domestic currency and foreign currency, and provide timely and effective data support to establish and perfect the monetary policy, PBOC issued (NO.26, 2008), and required all financial institutions should monthly submit relevant reports to ensure information security. However, at present, some financial institutions are faced the situation that the IRMS reporting business has a feather of large volume, low automation degree, easy to get wrong and susceptible to interference and the like, so a set of perfect rate monitoring system is an urgent need for financial institutions to reduce labor intensity and improve work efficiency.

  • Solution

    To help financial institutions to solve the above problems and timely and accurately complete regulatory reporting work, RIKING launched a set of efficient and reliable rate monitoring and reporting system (hereinafter referred to as IRRMS). The system integrates a series of automatic functions, including data import, data verification, report generation, report submission, etc. And financial institutions can also customize certain data model according to their own characteristics and business needs to reduce labor cost and error rate, to ensure the accuracy and effectiveness of the report data.

Functions & Feathers
  • Complete Data Model and Accounting Subject List

    Complete data model can cover various business data of financial institutions, at the same time, the institutions business data and RIKING’s accounting Subject can be fully mapping;

  • 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, which can greatly reduce user’s dependence on suppliers.

  • 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

    For each generated statistic report, the system automatically establishes the data index mechanism, which can trace the source of each cell of the report.

  • Keeping Synchronous Update with Regulatory Requirement

    According to the changes required by the regulatory system, it can quickly cope with the update requirements of the regulatory agencies through the visualized logical configuration of reports.

  • Complete Report Verification Mechanism

    System integrated the report internal verification, inter-report verification, cross-phase verification, customized threshold verification and customized cross-system verification

  • Business Optimization

    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.