Some of the credit institutions are associated in groups, so called banks associations. Some of them report to the banking regulator on an individual basis as well as in groups, and the others report only as a consolidated group, e.g. those working “under an umbrella” of one main bank. Reporting on behalf of a group or an association is the duty of its central body. Except the reporting duty, the central body performs a supervisory function over the group and takes the responsibility for its associates.
Coming ahead the specific needs and demands of these types of entities, we prepared a specialized and advanced system called tranSIS.
Thanks to the large variety of its functionalities, tranSIS works well also in central bodies of bank groups, especially in the large ones. It may be even used successfully by banking regulators to carry on their supervisory functions.