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regulatory reporting solutions

Nelito Findart solution for banking data archival. Migration or retirement of existing application.<br>http://nelito.com/banking-solutions/enterprise-reporting-xbrl.html<br>

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regulatory reporting solutions

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  1. Nelito’s FinDART™ is a web-based data archival and retrieval solution for Banking data archival. Need of archival solution arises due to:  Migration or retirement of existing applications  High cost of maintaining legacy system  Decline in solution performance due to large volume of data. FinDART™ is a data archival and retrieval solution, tailor made for BFSI vertical. It archives that historical data of legacy system which is not required for further processing of transactions and which has no business process associated with it. FinDART™ stores data in the archival repository and provides access for reporting and query purpose. It restricts any modification in archived data. FinDART™ provides Reports, MIS and Query facilities on legacy data after its retirement. FinDART’s usability for a Bank is illustrated in below diagram: FinDART™ is accessible to end users over web (internet and/or intranet) so it can be accessed by head office users, regional office users and branch users. FinDART™ is based on the principle of designing a Data Repository to hold data of multiple legacy applications in consistent structure, Store data in a centralized environment. FinDART™ Business Drivers: 1

  2. Built in Reports in FinDART Below tables lists the ‘Off-the-shelf’ reports of FinDART™: S. No. Report Types 1. Account Search Report i. ii. iii. i. ii. iii. iv. i. ii. iii. iv. v. vi. vii. viii. ix. Account Master Statement of Accounts Any day balance Deposit Register (Master) Statement of Accounts Interest Credit / Accrual Reports TDS Reports Account Master Statement of Accounts Limit Details Drawing Power Details Security Register Stock Statement Insurance Details Subsidy Details Inspection Details GL Statement of Accounts GL Any Day Balance GL Transactions Inward Clearing Outward Clearing Bill Details LC Details Guarantee Details Outward Remittance (DD / PO / MT / TT) Cheque Book Report Stop Payment Report Stop Payment Revoked Report Standing Instructions Report Lien Report Nominee Report Related Party Details 2. Term Deposit 3. Loans & Advances 4. General Ledger i. ii. iii. i. ii. i. ii. iii. iv. i. ii. iii. iv. v. vi. vii. 5. Clearing Trade Finance 6. 7. Miscellaneous 2

  3. 1 FinDART™ allows the user to search record(s) based on following parameters: Record Search Options Query / Search Parameters Parameter S. No. 1 2 3 4 5 6 7 8 9 Customer Id / Customer Number Account number (for customers and also for internal accounts i.e. GL) Account name Transaction date Range of transaction dates Transaction amount Transaction type (Debit/Credit) Transaction nature (Cash/Clearing/Transfer) Cheque number and user-id details of person entering / verifying the transactions 2 Below tables summarises the Key features of FinDART™: S. No. Features 1. Broad Connectivity & Extensibility FinDART™ Features Descriptions FinDART™ can access and retire a wide variety database, mainframes and business applications Oracle IBM DB2 MS SQL Sybase ASCII – Text Cobol - Btrieve MS Access / MS Excel Quick and complete migration (archival) of legacy data as-it-is. (Unchanged) Save time and money; enable rapid information retrieval with automated archiving process. FinDART™ simulates archival processes before actual execution to validate archiving policies. Keyword based searching option for Account Number, Account Name, Transaction Dates, Range of Transaction Dates, Transaction Amount, Transaction Type and Instrument Number etc. Preserve critical data according to internal rules and external regulations. Archive complete logical business entities. Archiving not just transactional data but also master and reference data, plus metadata to a secure immutable format for later retrieval. 2. Unchanged Data Archiving Process Automation 3. 4. Keyword based search 5. Regulatory Compliance Robust Data Archival Support 6. 3

  4. S. No. 7. Features Seamless Access to Archived Data Descriptions Application interface to access the archived data in database instances through pre-configured reports and facility to query the database instances. FinDART™ has password based access right mechanism to safeguard and restrict access to application and database instances. Based on user rights it allows user to view, print and download the reports or query the database instances. Supports popular formats like ASCII Text, MS Word, PDF, XML and MS Excel. Improve information access by keeping data online and readily accessible and reusable. FinDART™ manages user and user roles for application access. Active directory or other third party application integration is also enabled. Application access through user validation at backend Right click disabled on browser User access logs Saving on upgrading the existing storage on YoY basis, Bank can design the CBS data purging policy and purge the old data for freeing the storage space from production. Also speed of the system will get increased. 8. Reporting Format Online Access User Management 9. 10. 11. Security 12. Benefits to the Bank 3 4 FinDART™ Success Stories S. No. Bank Name Year of Order 1 2 3 4 5 6 7 8 9 10 11 Development Credit Bank Oriental Bank of Commerce United Bank of India NABARD through Wipro Allahabad Bank RRBs through HP HDFC Bank (Phase 1 and Phase 2) Bank of India RRBs UCO Bank (Hong Kong and Singapore Branches) through HP Syndicate Bank (London Branch) through HP Corporation Bank through Wipro Indian Overseas Bank - India 2008 2009 2010 2012 2012 2013 and 2016 2013 2014 2015 2016 2016 4

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