In order to improve accuracy, timeliness and unity of the foreign exchange account information collection, the State Administration of Foreign Exchange (SAFE) formulated the notice
In order to help the banks to submit the foreign exchange account information conveniently, fast and accurately, RIKING designed and developed FX Account Management System (ACC) for banking financial institutions, and upgraded and adjusted the system in accordance with the latest notice (version 1.1), to adapt to the new regulatory specification.
ACC system helps banks to increase work efficiency via automatic data collecting, reporting, feedback receiving and processing.
Efficient and Flexible Data Collection
Multiple data collection method;Complete data collection logic.
Multidimensional Verification
Account general information verification and multidimensional combination verification of balance information, including SAFE balance, previous day balance, current day balance and current day loan details.
Automatic Report Processing
After the data passes verification, reports can be not only manually generated but also automatically generated and submitted before the reporting deadline via MTS to regulators, which can avoid report delay and omission of financial institutions.
Instant Report Feedback Management
Automatic report receiving/reading/analyzing, immediate status update;
Feedback of the reporting result will be delivered to relevant person in charge by email or SMS.
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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