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iCreate Software announces RBI guidelines-compliant automated data flow solution for banks
By siliconindia
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Thursday, 14 July 2011, 23:56 IST
Bangalore: The RBI with a vision of ensuring accuracy and integrity of data flowing from the banking system to the regulator recently released an approach paper on Automated Data Flow (ADF-a straight through process) from various transactional systems of the banks to RBI.
Bangalore-based, iCreate Software announced reporting solution BizScoreto enable banks comply with RBI's Automated Data Flow guidelines. A packaged BI/analytics solution built specifically for banks, Biz$corefeatures an Extraction Transaction Loading (ETL) layer integrates with core and transactional banking systems, and extracts data from these systems and loads into a Consolidated Data Repository (CDR) which is engineered for automated generation of RBI returns through pre-built reporting templates.
Vivek Subramanyam, CEO, iCreate said, "We are extremely happy about the release of Biz$core's RBI ADF solution that in addition to helping banks become ADF compliant will provide a robust platform to build and deploy industry leading prebuilt Banking Business Intelligence & Analytics solutions to benefit their business stakeholders. At iCreate, given that we are India based, we are delighted to partner with Indian banks on our award winning Banking BI solutions while we continue to see significant traction globally as well."
Banks accelerate their RBI's Automated Data Flow solution implementation, iCreate held a webinar on 5 July that focused on topics like 'highlights of RBI's Automated Data Flow requirements and the implications for banks', 'Complexity and intricacies around ensuring compliance', 'Solution options based on each bank's context',' Highlights of Biz$core RBI ADF solution'.
