Challenge, approach, and impact

The supervisory authorities, e.g., NBP, EBA, forces financial institutions to prepare detailed periodic reports. Reports are prepared in particular applications, which in practice are used by bank employees for a short period. Depending on the type of report, it may be, for example, three days per month or twice a year. Some regulatory reporting applications use cloud infrastructure, where you pay for the actual use of resources. However, this is a costly solution for SaaS product owners. They must keep stable applications on standby, which are only used for a few days, and at the same time ensure continuous access for many supervised institutions (in multiple instances). ‍