SaaS for regulatory reporting for financial institutions
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About
eON is a cloud-based app that allows banks and financial institutions to prepare periodic reports for supervisory authorities, e.g., NBP, EBA. The app is the SaaS evolution of the aSISt used by more than 500 European financial institutions. Data security is a top priority, and thus, the solution meets rigorous legal and safety standards. Moreover, the app has multi-stage report validation and constant taxonomy updates. Read more
CASE STUDY DETAILS
FINGO systems
Enterprise/Corporation
Wrocław, Poland
Project work
11 - 25 people
12 - 24 Months
€1M+
Scrum
FOCUS AREA
Challenge, approach, and impact
General challenges to regulatory reporting obligations
Regulatory reporting obliges banks and other supervised financial institutions to prepare periodic reports for supervisory authorities, e.g., NBP and EBA. The dynamically changing legal regulations, expanding the scope of collected data, and the imperative for robust sensitive data protection and confidentiality maintenance involve modern cloud-based solutions which continuously monitor and update.
Data security
Financial institutions collect and process various types of data, including sensitive data. Therefore, apps for regulatory reporting must meet stringent security standards.
App's rare usage vs. cost-efficiency in cloud infrastructure
Reports are prepared in special apps, which in practice are used by bank employees for a short period of time. Depending on the type of report, it may be, for example, three days per month or twice a year.
SaaS product owners must keep stable apps on standby, which are actually only used for a few days, and at the same time ensure continuous access for many supervised institutions (in multiple instances).
Testimonials
“The main challenge in the project was organizing multiple specialized, interdisciplinary teams. These teams were responsible for software production and testing, designing and implementing cloud infrastructure and services, and user verification mechanisms and security procedures. Due to the complexity of the task and strict time frame, it required maintaining high team productivity while considering evolving business requirements for the system. Thanks to the team player approach, we delivered the cloud-base app on time with all the required functions.“ Read more
Anonymous
Product Owner at FINGO systems
VERIFIED
“The main challenge in the project was organizing multiple specialized, interdisciplinary teams. These teams were responsible for software production and testing, designing and implementing cloud infrastructure and services, and user verification mechanisms and security procedures. Due to the complexity of the task and strict time frame, it required maintaining high team productivity while considering evolving business requirements for the system. Thanks to the team player approach, we delivered the cloud-base app on time with all the required functions.“ Read more
Anonymous
Product Owner at FINGO systems
VERIFIED
“The main challenge in the project was organizing multiple specialized, interdisciplinary teams. These teams were responsible for software production and testing, designing and implementing cloud infrastructure and services, and user verification mechanisms and security procedures. Due to the complexity of the task and strict time frame, it required maintaining high team productivity while considering evolving business requirements for the system. Thanks to the team player approach, we delivered the cloud-base app on time with all the required functions.“ Read more
Anonymous
Product Owner at FINGO systems
VERIFIED
“The main challenge in the project was organizing multiple specialized, interdisciplinary teams. These teams were responsible for software production and testing, designing and implementing cloud infrastructure and services, and user verification mechanisms and security procedures. Due to the complexity of the task and strict time frame, it required maintaining high team productivity while considering evolving business requirements for the system. Thanks to the team player approach, we delivered the cloud-base app on time with all the required functions.“ Read more
Anonymous
Product Owner at FINGO systems
VERIFIED
“The main challenge in the project was organizing multiple specialized, interdisciplinary teams. These teams were responsible for software production and testing, designing and implementing cloud infrastructure and services, and user verification mechanisms and security procedures. Due to the complexity of the task and strict time frame, it required maintaining high team productivity while considering evolving business requirements for the system. Thanks to the team player approach, we delivered the cloud-base app on time with all the required functions.“ Read more
Anonymous
Product Owner at FINGO systems
VERIFIED
“The main challenge in the project was organizing multiple specialized, interdisciplinary teams. These teams were responsible for software production and testing, designing and implementing cloud infrastructure and services, and user verification mechanisms and security procedures. Due to the complexity of the task and strict time frame, it required maintaining high team productivity while considering evolving business requirements for the system. Thanks to the team player approach, we delivered the cloud-base app on time with all the required functions.“ Read more
Anonymous
Product Owner at FINGO systems
VERIFIED
Team Structure
Client Team
Project stakeholder
CPO
***** *****
The client stakeholders at FINGO systems were working closely with the team at FINGO
Vendor Team
Governance
3 x Product Owner
Governance
2 x Frontend Developer
Governance
11 x Backend Developer
Governance
1 x Solution Architect
Governance
3 x Quality Assurance Engineer
Governance
6 x DevOps
Governance
2 x Cybersecurity Analyst
Governance
1 x Project Manager
Governance
1 x CTO
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