{"id":10474,"date":"2023-09-28T08:18:05","date_gmt":"2023-09-28T08:18:05","guid":{"rendered":"https:\/\/sunoida.com\/?page_id=10474"},"modified":"2023-11-17T07:12:16","modified_gmt":"2023-11-17T07:12:16","slug":"vision-regtech","status":"publish","type":"page","link":"https:\/\/sunoida.com\/vision-regtech\/","title":{"rendered":"Vision RegTech"},"content":{"rendered":"\t\t
The fast-changing financial environment has placed a spotlight on the process of regulatory returns. Existing manual processes are not only time intensive but also pose various risks to the Bank. With new technology around regulatory reporting and the ever-increasing demands from the Central Bank in every country, it’s imperative that banks embark on automation to reduce errors, avoid the risk of non-compliance and also strict reporting timelines from regulatory bodies. Sustainable automation that can meet evolving requirements is the need of the hour.<\/p>
Here\u2019s why Sunoida\u2019s highly proven Vision RegTech solution is a best-fit for today\u2019s banks. Designed and developed by bankers for bankers by banking technology specialists, Vision RegTech automatically retrieves the relevant data, automates and creates review ready reports, aids easy validation and makes them submission ready – all on the go. Read on and see why the best performing banks choose Sunoida\u2019s Vision RegTech.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Today\u2019s digital landscape means added new demands and challenges for banks to continuously cope with both existing and emerging regulatory demands while trying to meet their overall growth goals consistently. Sounds familiar?<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t Supervisory bodies today rely heavily on regulatory reporting by banks to inform them of potential risks that may be forming in regulated entities, which can have broader implications for the financial system. With evolving landscapes in the digital age, Central banks and supervisory boards have to constantly improve on the regulatory reporting requirements to ensure a robust financial system.<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Integrate and automate<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Metadata management<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Retrieve Data<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Vision RegTech retrieves data from various data sources while provisioning for validations and data quality checks at multiple defined levels.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t Review Reports<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Vision RegTech gives the ability to review and confirm that all data is correctly presented before every submission.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t Submit Reports<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Once all of the data and reports are validated and complete, they can be automatically setup for final submission into the Regulator’s portal.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Automating entire Regulatory Reporting will not only save a lot of time but will also improves accuracy and compliance.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\tGet automated end-to-end reporting with Vision RegTech<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Made for banks who set sights on high growth<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
All-round benefits for all time compliance<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
High Data Quality<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Single Source of Truth<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Seamless Regulatory Reporting<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Faster Turnaround Time<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Create a Repository for Audit<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Daily Interactive Reporting<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Future Solutions<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
The Sunoida Difference<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t