Regulatory Reporting for Banks

Take Hold of a More Efficient Reporting Process

Our approach to regulatory banking makes use of more efficient, automatic processes to streamline the processes that banks have to undertake when creating and delivering regular reports. This means that future reporting cycles can benefit from a more efficient system, saving time and hassle whilst freeing up users for more important tasks.

Key Benefits

Reduce time spent consolidating data

Our approach alleviates a large portion of reporting time through the implementation of Agile reporting, freeing up staff for more important tasks

Ensure reports are sent on time

Automatic reporting processes ensure that reports are timely so that fines and penalties can be avoided

Solutions for any situation

Agile is a highly customisable platform that can be adapted to best fit the needs of a particular organization seamlessly

Agile reporting

As a result of our solutions, we can ensure that data quality improves and users can properly prepare the business-related data before loading them into the system. All this is possible thanks to our close-knit team of experts that understand our clients requirements from A to Z

Alleviate the need to spend time on tedious reporting tasks

With iZeno, reporting banks can be absolutely sure that all reports will be delivered on time. PT iZeno Teknologi Indonesia, a subsidiary of iZeno Pte Ltd, successfully works in Indonesia and other countries of South East Asia. Both the head company and the branch have extensive experience in dealing with the needs of our customers from the financial sector. We know what problems they face, and we are able to solve them effectively and quickly.

Spend less time working on routine processes

All banks who operate in Indonesia, both local and branches of overseas banks, are obliged to send regulatory reports to Bank Indonesia. Reporting banks can either upload their reports to the BI online network, or just bring a disk with the data to BI.  BI requires a number of reports, which should be sent every week, month, every three months, and every year. For the employees of reporting banks, it usually means plenty of time and effort spent on preparing these reports.

Each of these reports must be prepared according to the particular form (provided by BI) and submitted at exactly the right time. The Cash Flow Report is to be submitted weekly, every Friday (or the next working day, in case of a national holiday) whilst other reports are to be made monthly, and tri-monthly. If a reporting bank fails to submit any of these reports on time, it will receive a warning letter or even a fine.