Thanks to cooperation with Regulators and Supervisors we deliver tools that meet particular needs of the sector.
Depending on the task of an NCA or a National Bank to be supported by an IT supplier, we offer wide range of products and services. One of the most important tasks is monitoring banking sector situation by gathering high-quality data.
- The inSISt application verifies a report before its delivery to EBA or EIOPA by validating XBRL instances and delivering precise error messages.
A professional XBRL validator is necessary to correctly deliver mandatory reports. We offer inSISt – a state-of-the-art XBRL validator that follows all ITS reporting standards. Its main function is to verify that XBRL reports are in accordance with taxonomies. inSISt enables verification of reports before their delivery to the European Banking Authority (EBA) or EIOPA. Not only the form of the report is validated – the validation process also covers compliance with XBRL Formulae and filing rules.
All European Supervisors send reports on behalf of supervised entities using XBRL format. Some of the collected reports contain low-quality data, that have to be corrected by entities themselves. inSISt provides full list of errors for each report, thanks to which corrections can be made effectively.
Most Regulators need solutions that can be easily implemented into the existing structure of systems. We deliver ready-to-use elements and our consultants analyze existing structures and suggest solutions for fluent implementation.
Benefits to be gained by Supervisors from inSISt:
- Validation against always up-to-date taxonomies and validation rules
- Full list of error messages
- User-friendly solutions
- Professional customer service
- Immediate implementation thanks to an “off-the-shelf” software solution