Quidgest’s solution for the Management of Bank Regulatory Reports has as main objective to answer and to support the banking institutions in sending the information to report. The BRR – Banking Regulatory Reporting enables the migration of abstract customer data to the software structure that automatically responds to regulatory reporting including XBRL.
In addition to the country-specific reports, the system also responds to the standardization of banking and financial regulation resulting from Basel III, which made it necessary to implement reports with uniform requirements and definitions: through the Common Reporting guidelines (COREP), as well as a defined model for prudential information reporting and Financial Reporting (FINREP), and a defined template for reporting financial and accounting information.