24 February 2018
visit www.nextgenbanking.co.uk/

State Bank of India automates regulatory reporting with Idom

28 March 2002  |  2755 views  |  0 State Bank of India automates regulatory reporting with Idom

State Bank of India has licensed Idom's REG-Reporter software to automate its regulatory reporting to the US Federal Reserve Bank.

REG-Reporter automates compliance with reporting requirements to regulatory authorities, management and head offices, and helps ensure the accuracy and integrity of financial reports, says the company.

The software combines data from all of the bank's systems into a central data repository, where key information is translated into standardised data. This data is then compiled into required report formats recognised by regulatory agencies such as the Federal Reserve Bank.

A spokeperson for the State Bank of India says: "Idom's REG-Reporter came highly recommended to us as the premiere solution to automating our regulatory reporting and we are very pleased with our selection."

The State Bank of India is the second Indian bank to purchase REG-Reporter.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register for the webinarvisit www.ebaday.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11586 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10266 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8379 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7934 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7650 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job