Financial Reporter Compliance Suite (FRCS)
Streamline Regulatory Reporting with Confidence
As part of our Technology Solutions, we offer the Financial Reporter Regulatory Compliance Suite (FRCS): a comprehensive, fully integrated platform designed to help Financial Institutions automate and simplify their regulatory reporting processes.
With FRCS, you gain access to a powerful toolset that has been refined over years of industry experience. Now in its fourth major release, it’s designed to meet the complex and ever-evolving requirements of both local, European (e.g., ECB, EBA, SSM) and international (e.g., IRS, OECD) regulatory bodies.
At the core of FRCS is a robust, adaptable Data Model that offers precision, flexibility, and agility across a wide range of compliance scenarios. This ensures seamless integration with your existing systems and helps automate your regulatory reporting processes with greater accuracy and efficiency.
Key Features:
- User Access Control – Secure, role-based access and permission settings, ensuring data security and compliance
- Version Control – Maintain historical integrity with comprehensive tracking of changes and revisions
- Data Mapping & Adjustments – Effortlessly map internal data to regulatory formats and apply necessary adjustments
- Quality & Correctness – Out-of-the box support of all validations published by regulatory authorities including cross-report validations
- XBRL – Native conversion and validation to XBRL reporting format
- Regulatory Change Management – Continuous scanning of the regulatory reporting landscape and integration incorporation of updates
Whether you’re navigating new regulations or modernizing your existing compliance processes, FRCS provides the technology and tools you need to stay compliant and ahead of the curve.
The FRCS – Financial Reporter Compliance Suite earned the GOLD award at the Digital Finance Awards 2023, in the Best Risk, Compliance, Regtech & Data Privacy Digital Initiative category!
