RIKING BUDMP data management platform system,helps financial institutions to manage and report data
2022-05-20

With the continuous development of banking business, the continuous addition of innovative products, and the increasing dependence of external regulators, bank management and business departments on decision-making and information management, banks often face problems such as unable to quickly respond to diversified data needs, the data quality of the head office's core system can not meet regulatory needs, and the cost of data acquisition is high. This puts forward new requirements for unifying the data and technical architecture of the whole bank, shortening the implementation path of docking with other application systems, and improving the response speed and accuracy of data requirements of management departments.

In addition, by modifying the data retrieval logic from the core system, the application process is cumbersome and the time cycle is long, so it is unable to quickly respond to diversified data needs. Subject to the core system of the head office, some local regulatory demand data cannot be directly extracted from the core system. The traditional practice is to make supplementary entries in different application systems, resulting in repeated supplementary entries by users and a large increase in user workload.

Between different application systems, facing the same data acquisition requirements, due to the lack of unified specifications and data interface standards, the application system repeatedly develops data retrieval programs with the same functions. The source system also needs to develop multiple data interfaces. The data storage cost is too high and the data storage system is too complicated. Here, according to the current situation of customers, RIKING launched the bank unified data management platform (BUDMP) bank unified data management platform, which can improve the data quality governance of bank financial institutions and perfectly meet the reporting specifications and requirements of various regulators for data submission (such as east5.0, gold, RCPMIS, etc.).

RIKING BUDMP bank unified data management platform

RIKING BUDMP bank unified data management platform is an integrated data management platform, integrating data collection, data modeling, model management, data distribution, task scheduling and monitoring, data reporting and other functions. It is committed to providing a configurable unified data management platform for bank financial institutions, reducing workload investment during system operation and maintenance of financial institutions and providing an intuitive exception handling mechanism, Simplify the difficulty of docking with downstream systems.

Product function

1. One stop task flow management

The platform tracks and manages the whole process of data task status, and clearly displays the status of various tasks. Under the task management module, it directly enters the items to be processed for subsequent operations. The one-stop management of task flow makes the user's operation more convenient and effective.

2. Perfect data acquisition engine

The system supports a variety of different file formats to solve various data file formats caused by many data sources during the construction of the system. For the collection of static data and dynamic data, the collection engine is configured with different rules for data collection and update. Through the data acquisition engine function of the platform, solve the manpower and time consumed by merging various system data files in the past, and simplify and improve the data collection process of daily operation and maintenance personnel.

3. Perfect data model

In view of the characteristics of the regulatory submission system, such as wide sources, many varieties and short online cycle, a perfect background data model is established to simplify the implementation difficulty and implementation cycle during the system construction. The model has been expanded to meet the rapid iteration requirements of the regulatory submission system during the system construction.

4. Anomaly early warning mechanism

For the exception handling during system operation and maintenance, a perfect exception early warning mechanism is established to ensure the 24-hour operation of the system. For the possible problems during system operation and maintenance, set the early warning threshold and notify the operation and maintenance personnel by e-mail to reduce the normal workload of the operation and maintenance personnel and provide perfect exception handling to avoid misoperation and reduce production risk.

5. Online data supplement and correction

Data supplementary entry has the characteristics of high expansion and high availability. Supplementary entry forms and verification rules can be configured to reduce the workload by 60%. The verification rules support cross table verification according to the characteristics of regulatory submission. For the modified key data, it is kept in the file, and the page historical data comparison is supported.

6. Effective monitoring and management

For data modification and other operations, the double post audit mechanism is used. The user's operations on the page have a log, and the page can view the user's operation content.

Product features & advantages


Contact us

At present, RIKING has provided mature and reliable regulatory compliance solutions for hundreds of financial institutions at home and abroad. Ring is committed to promoting digital technology governance or reducing regulatory risks for more financial partners in the future. If you have relevant regulatory compliance reporting business needs, you can call directly for more details. We will provide a full set of regulatory compliance solutions such as policy consultation, system development and implementation, technical support and so on according to your needs.

Tel: 400-921-0806