Regulatory Transaction Reporting

Regulatory Transaction Reporting

Organizations comply with standard regulations knowing the fact that failure to do so can put the firm’s reputation at stake. However, the Banking industry is confronted by dissatisfaction with the existing regulatory transaction reporting process, the main reasons being:

  • Inadequacy of the internal applications to address the desired needs
  • Management of broken processes, excel sheets aided with recurring manual adjustments

The brochure talks about the challenges faced by the Banking industry to streamline regulatory transaction reporting, and how Hexaware delivers a one-stop solution for all transaction reporting requirements backed by a comprehensive transformation framework.

Leveraging cloud-based technology to elevate user experience, regulatory reporting offers the following business benefits:

  • Over 40% reduction in manual adjustment efforts
  • Improved accuracy and timeliness as 90% of the exceptions are captured internally before submissions
  • Over 50% savings in cost and time-to-market
  • Fewer resources need robust examinations and enquiry management, through demonstrable traceability and governance

Download the brochure to know how Hexaware offers a domain-led approach to streamline end-to-end regulatory transaction reporting flow.

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