RegTech & Compliance Ops · Use case

Automate regulatory reporting

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Short answer

Reporting tools pull data from your systems, map it to each regulator's templates, validate it and prepare submissions. The work that decides success is data mapping at the start — and how quickly the provider updates when regulators change the rules.

What this use case is

Reporting tools pull data from your systems, map it to each regulator's templates, validate it and prepare submissions. The work that decides success is data mapping at the start — and how quickly the provider updates when regulators change the rules.

Who builds this

EMIs and payment institutions
Banks
Crypto-asset service providers
Investment firms

What your customer sees

  1. 1Nothing directly; a compliance team with fewer late nights and fewer resubmissions

How RegTech & Compliance Ops solves it

1

Source data extracted from ledger and operational systems

Source data extracted from ledger and operational systems

2

Mapped to regulatory templates

Mapped to regulatory templates

3

Validated against rules

Validated against rules

4

Reviewed and signed off

Reviewed and signed off

5

Submitted or exported for submission

Submitted or exported for submission

6

Archived with audit trail

Archived with audit trail

Want to have

  1. Coverage of your regulators' returns
  2. Data connectors
  3. Validation rules
  4. Review and sign-off workflow
  5. Submission or export
  6. Audit trail
  7. Regulatory update service

Optional

  1. Data lineage views
  2. Multi-entity consolidation
  3. DORA incident and register support

Design decisions

Coverage

One vendor for all returns
Specialists per report type

simplicity versus depth.

What to put in your RFP

Returns and regulators

  • Returns and regulators

Data sources

  • Data sources

Validation

  • Validation

Workflow

  • Workflow

Updates

  • Updates

Audit

  • Audit

Commercials

  • Commercials
Add these to an RFP

How to evaluate providers for this use case

  1. 1Live customers per return
  2. 2Mapping effort
  3. 3Update speed

Pitfalls

  • Underestimating data mapping
  • Manual adjustments outside the tool
  • Relying on the tool instead of understanding the return

What providers will ask you

  1. Licences and returns
  2. Data sources
  3. Current process and pain points

Other Finlane categories that cover parts of this

This use case is solved mainly with RegTech & Compliance Ops. These categories cover specific parts of it and can be tendered alongside it.

Core Banking & Ledger

Source data for returns

Fraud & AML Monitoring

Data for financial-crime reporting

Frequently asked questions

Other RegTech & Compliance Ops use cases

Manage financial-crime cases

Investigate alerts across KYC, fraud and transaction monitoring in one workflow with full audit history.

Run a compliance management system

Track policies, obligations, controls and attestations with dashboards for the board and regulators.

Scope automate regulatory reporting with RegTech & Compliance Ops providers

Scope this use case