Partner with {keyword} or similar agencies in Europe and LATAM

Conversion mechanisms for reporting data via ETL processes (using the SPARK engine) enable the efficient processing of vast data volumes into the structure required by regulators.

Efficient handling of large data volumes

Each stage of report preparation, including data ingestion, processing, final report generation, validation and submission can occur automatically. Users are kept informed of the process status through email notifications.

Automation of reporting processes

Built-in validation against schemas and an extensive module for business rule validation fully verify report compliance with regulatory requirements.

Validation of report accuracy

The history of report creation and processing stages is recorded, facilitating the tracking of status changes and process auditability.

Event logging

To ease the handling of corrections, users can save successive versions of created documents and add information about applied changes.

Versioning of report instances

iON empowers customers to generate financial reports safely and automatically, ensuring data quality and correctness, thus averting the risk of substantial financial penalties.

Assurance of accurate and timely reporting

Personnel managing the reporting process can concentrate on substantive matters, confident that the system maintains quality and correctness control of data across multiple points.

Enhanced focus on substantive aspects

Automation mechanisms enable the application to operate autonomously to a large extent providing feedback on the accuracy of the data supply process.

Automation for autonomy and quality assurance

The ability to create bespoke rules and expand the generation and processing of verified source data from various banking systems offers virtually limitless integration possibilities with banks' analytical processes.

Customizable rules for expanded integration

Learn how FINGO worked with FINGO systems and how they can support your FinTech product and team.

FINGO Success Story in FinTech for FINGO systems - A case study | 2024

European financial regulatory institutions demand increasingly detailed information from banks, spanning lists and tables with millions of records. Moreover, the scope of required reports may fluctuate, while the time allotted for their submission could be short.

Increasing regulatory demands

Data for accurate reporting is scattered across various internal banking systems, necessitating consolidation, validation and formatting. Reports necessitate support for hierarchical tables and nested data structures, adding to the complexity of compliance efforts.

Data fragmentation and escalating compliance costs

Due to the volume and scope of collected data and ongoing regulatory changes preparing and ensuring the accuracy of reports consumes significant time for financial institution employees. So, process automation is essential for efficiency.

Time-intensive manual processes

The client stakeholders at FINGO systems were working closely with the team at FINGO

iON - the web app for regulatory reporting

FINGO

This is FINGO-s internal product. All functionalities have been added as agreed. We are very pleased with the effect. Cooperation within the team was very good and the exchange of information ran smoothly. The software works as intended.