The Monetary Authority of Singapore (MAS) requires financial institutions to report over 7,700 unique data points through its new Data Collection Gateway (DCG). The DCG platform was developed and implemented by Vizor (now part of Regnology). It streamlines the collection, validation and management of data into a single solution.

Our MAS regulatory reporting software is an API-powered solution that allows regulatory changes to be validated and consumed instantly. It delivers perfect return data using the same technology and rules engine as MAS. Test submissions can be run against MAS data validation rules to discover any failures or warnings. A powerful analytics dashboard includes full reports on performance and risk indicators; enabling the use of submission data to create actionable insight. Our software is immediately aligned with current and future MAS reporting requirements, helping financial institutions reduce manual effort and costs of regulatory reporting, staying compliant with MAS.

Why Regnology for MAS regulatory reporting

Reduce costs and manual effort with the resources you have

Automated end-to-end regulatory reporting software for Singapore banks is a cloud-based portal supporting a pre and post-submission validation process to enhance and improve the automation and the efficiency of regulatory reporting for reporting entities. It leverages the same technology and data models as MAS. By automating the entire process, you can save days on regulatory reporting each month, stay compliant in almost real-time and allocate your resources where they are most needed, saving money and time.

Vizor (now part of Regnology) helped us to manage our prudential data collection and the licensing of financial institutions. Our regulated entities can now upload their data automatically via the API, decreasing the amount of human interaction when submitting the data.

Michael Mensah, Director of ICT, Bank of Ghana

Find out more about MAS regulatory reporting

  • Why is an automated process important for MAS regulatory reporting?

    The scale and complexity of financial data reporting requirements are increasing at a pace. Automating the process removes errors, reduces manual effort and significantly speeds up the collection, validation and submission of MAS data. Our end-to-end MAS regulatory reporting solution ensures the timeliness and accuracy of reporting on more than 7,000 unique data points across 45 dimensions. This allows you to stay compliant in almost real-time and allocate your resources where they are most needed.

  • Should I buy MAS regulatory reporting software or build one in-house?

    Building in-house regulatory reporting software needs careful consideration, due to the costs and resources required to design, build and maintain it. In comparison, our MAS regulatory reporting solution is cost-efficient and easily implemented within existing systems. It automatically updates with current and future MAS requirements, so you will avoid costly and complex system upgrades in the future.

Automate your regulatory reporting process with our API-based platform delivering perfect return data using the same technology as MAS. You can validate and test your submission data in a MAS-ready file, analyse your performance, expenditures and market share; and stay compliant with future MAS regulatory reporting requirements. 

 

Increase efficiencies, comply with confidence and make actionable decisions

Correct submission data

Our proprietary Validation engine ensures that all data is submitted only in the values defined in the relevant MAS reporting standards and associated taxonomies. 

Automated workflows and emails

Automatically assign tasks to users, view and apply MAS updates. Change log report generation and use guidelines for source data changes.

Integration with any data sources

Easily transforms your GL, Core Banking, Data Warehouse or Excel files into the requisite XML and XBRL formats. Provide audit trail and trace the data points.

Reduce the costs and time of regulatory reporting

Spend hours, not days on regulatory reporting each month – automate the entire process and return perfect regulatory data every time. Join other financial institutions that automated regulatory reporting and saved money with our software. 

Leverage Regulatory Technology (RegTech)

Execute regulatory reporting obligations more efficiently with the resources you have: 

  • Automate your entire process: from data collection, transformation to submission.
  • Set up workflows, notifications and assign tasks to users easily with one click.
  • Receive real-time updates on the latest data models and rules from the regulator.
  • Automatically convert your source data to a regulator-ready submission file.

Comply with confidence

Avoid last-minute submission failures and improve submitted data quality:

  • Identify and resolve data issues in-house prior to the reporting deadline.
  • Easily validate and test your submission against the regulator’s validation rules.
  • Eliminate errors by converting your source data to a regulator-ready submission file.
  • Stay up to date with the latest regulatory requirements published by the regulator.

Make actionable decisions

Analyse high-quality and granular submission data you can trust for proactive engagement with the market and the regulator:

  • Identify and action trends and emerging risks in real-time.
  • Generate KPI and Aggregate Compliance reports instantly.
  • Analyse trends relevant to your industry in a visual dashboard.
  • Assess key ratios and performance indicators with one click.

Reporting at the push of a button

RegTech Factory

RegTech Factory

With its international RegTech Factory, Regnology offers a digital, fully integrated and automated "reporting factory" that helps to achieve significant economies of scale for participating banks and financial service providers.

Learn more

Make your regulatory reporting future-proof by using the same technology as MAS. Talk to us.

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