European banks have a mandate to open a branch in any European country as a branch of a foreign institution. Apart from the fact that a bank is supervised by FSA in the country of its origin, there are some regulatory obligations in a host country. Read more…
Recently, we have witnessed the tightening of a loop of supervision over the banking sector. The main result of this process is a growing number of reports required from banks by domestic markets regulators. One of the biggest problems of reporting process becomes thus the cost of work and time spent on manual data entry into the reports.
In fact, there are many outdated solutions on the market – based on few components (e.g., Excel plus XBRL converters) and providing very limited possibilities of data input automation.
We have recently launched a new marketing campaign. aSISt users in cooperative banks now have the possibility to see how the Mapping Module works in their workplace.