iON - the web app for regulatory reporting
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About
iON is an intuitive regulatory reporting system for financial institutions and banks. It processes a wide range of detailed information, and it generates XML-formatted periodic reports, such as AnaCredit, AML/CFT, CESOP, CMO, CRS, FACTA, SInF, STIR, and Securitization required by regulatory authorities. The app streamlines the reporting process, ensuring compliance with financial institutions' requirements through multi-stage data verification. Read more
CASE STUDY DETAILS
FINGO systems
Enterprise/Corporation
Wroclaw, Poland
Project work
6 - 10 people
4 - 6 years
Between €250k-€500k
Scrum
FOCUS AREA
Challenge, approach, and impact
Increasing regulatory demands
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.
Data fragmentation and escalating compliance costs
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.
Time-intensive manual processes
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.
Testimonials
“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.“ Read more
Anonymous
Product Owner
VERIFIED
“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.“ Read more
Anonymous
Product Owner
VERIFIED
“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.“ Read more
Anonymous
Product Owner
VERIFIED
“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.“ Read more
Anonymous
Product Owner
VERIFIED
“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.“ Read more
Anonymous
Product Owner
VERIFIED
“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.“ Read more
Anonymous
Product Owner
VERIFIED
Team Structure
Client Team
Project stakeholder
CTO
R***** M****
The client stakeholders at FINGO systems were working closely with the team at FINGO
Agency Team
Production
1 x Product owner
Blue
1 x Scrum Master
Production
1 x UI Designer
Production
2 x Backend Developer
Production
2 x Frontend Developer
Production
2 x QA Engineer