In an ever-changing environment, a North American Central Bank was keen to bring its regulatory and supervisory systems up to date and online.
This involved creating a single supervision system for the reporting of financial and corporate returns via an online portal. To fulfil its ambitions, the Central Bank needed to migrate 470,000 filed returns dating back to the 1960s and 340,000 rules from a wide range of systems.
In partnership with Deloitte, Vizor, now part of Regnology, was appointed to develop an online portal for use by all the reporting entities. The system consists of more than 100 separate returns with its own data models and sets of validation rules.
The new system went live ahead of schedule and on budget. It achieved significant reductions in data processing times and replaced multiple older systems with a single supervision platform.
The project had hundreds of functional and non-functional requirements, all of which were met to the satisfaction of the North American Central Bank.
The North American Central Bank was able to achieve a number of benefits and improvements from the use of our flexible platform, including:
Are you interested in learning more about our supervisory solutions?
Book a demo with us and talk to our experts.