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12 August, 2025
The business challenge
A large bank faced significant challenges with their regulatory reporting processes, which were manual and time-consuming. These processes required extensive human intervention, leading to inefficiencies and a higher likelihood of errors.
The bank's regulatory reporting team had to gather data from multiple sources, validate the information, and compile reports to meet compliance requirements. This laborious process not only consumed valuable time and resources but also posed risks to the bank's ability to meet regulatory deadlines accurately.
To address these challenges, the bank implemented an automated regulatory reporting system. This system streamlined the data collection, validation, and reporting processes, significantly reducing the time and effort required. By automating these tasks, the bank improved accuracy, ensured timely compliance, and freed up their regulatory team to focus on more strategic initiatives.
The solution
The bank undertook a significant initiative to modernise its regulatory reporting processes by automating the end-to-end generation of BA returns to the South African Reserve Bank (SARB). This modernisation effort involved building a centralised data estate, which served as a unified repository for all relevant data. The bank integrated data from various sources, including core banking systems, SAP General Ledger (GL), and risk management systems, into this centralised data hub.
By consolidating data from these disparate systems, the bank was able to apply standardised transformations and calculations to ensure consistency and accuracy in the reporting process. The automation of these tasks significantly reduced the manual effort required, minimised the risk of errors, and ensured timely and accurate submission of BA returns to SARB. This streamlined approach not only improved compliance with regulatory requirements but also freed up valuable resources, allowing the bank's regulatory team to focus on more strategic initiatives.
The business outcomes
The bank implemented a system that ensures automated, timely, accurate, and auditable submissions to the South African Reserve Bank (SARB) platform. This system automates the entire reporting process, eliminating the need for manual intervention and significantly reducing the time required to prepare and submit reports. By leveraging advanced data integration and validation techniques, the system ensures that all submissions are accurate and comply with regulatory requirements.
Additionally, the system maintains a comprehensive audit trail, providing transparency and accountability for all reporting activities. This streamlined approach not only enhances efficiency but also mitigates the risk of errors and ensures that the bank meets its regulatory obligations in a timely manner.