Nelito provides the full spectrum of Enterprise reporting solution for Banking and Financial services (BFS) segment. FinCraftTM Enterprise Reporting provides the insights that decision makers need in order to make timely, better-informed decisions while taking care of regulations.
FinCraftTM Enterprise Reporting solution helps banks and financial organization in creating reports as per the prescriptions of the governing regulatory body.
FinCraft Enterprise Reporting provides end-to-end or stand-alone solution for:
FinCraftTM ADF is a time-tested and proven solution. It is implemented and under live operational use successfully in multiple banks in India. It is an Automated Regulatory Reporting System for Banks designed in view of Reserve Bank of India (RBI) mandate for implementation of ADF (Automated Data Flow) reports.
By adopting such an automated process for submission of returns, the bank is able to submit accurate and timely data to the regulator without any manual intervention. The automation of data flow also benefits the banks in terms of improved timelines, enhanced data quality, improved efficiency of processes, reduced costs and the use of the CDR (Common Data Repository) for internal MIS purposes.
FinCraftTM MIS ADF is designed based on the End-End Conceptualization of RBI, which comprises of the following Process elements:
ETL extracts data, transforms values of inconsistent data, filters data and loads cleansed data (received from source system) into a target database. It is also capable of scheduling of ETL jobs and interlinking other ETL jobs.
In this module data is cleansed through our data cleansing process and then is stored in CDR (Central Data Repositories) which will form the single source of Information for all regulatory returns.
This Module converts the data stored in the CDR to the prescribed formats using pre-defined business rules. The data conversion will be in the form of individual Database tables created. The Data Conversion Module will also perform validations on the data to ensure accuracy of the returns.
The Data Submission Module in the FinCraft ADF Framework is a single transmission channel that will ensure secure file upload in an STP (Straight through processing) mode with the reporting platforms. This layer uses automated system driven triggers or schedulers, which will automatically generates and submits the returns as stipulated by regulatory body.
Fig: FinCraft ADF Solution Architecture
Conversion of regulatory reports into XBRL Format is performed through our XBRL engine which acts as a bridge between Bank's internal data systems and the regulatory returns system.
This internal data could be either in text files, excel reports or directly from the database. This Application helps Banks to generate XBRL instance in a ready to submit state. Some of the key benefits are:
“The Bank is associated with M/S Nelito since 2002. M/S Nelito Systems Ltd has been our CBS vendor since 2009. The Products, quality of service offered by them are excellent. They have a very good support team and are trained enough for handling any type of situation.”
“Good & Co-operative.”
“We appreciate your local team who continuously supported & assisted our team to meet the goal.”
Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others .
Bank has implemented CBS of Nelito Ltd in the year 2008-09 in phase manner. Also integrated RTGS/NEFT, CTS, MMS etc which help us in smooth automation of banking operation.
Experience during development of Rating Engine Module has been good in the context of commitment to meet timelines & lot of hard work has been put by Nelito's team.
Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth.
Nelito and its team has always been supportive and efficient in achieving the tasks set up by the Dept. Apps developed by the software engineers for the Public Health Dept have proved to be excellent among the top competitors and have been acclaimed for its effective service delivery to the end user at the grass root level which is the foremost object of any Govt organization. Many thanks for the sincere efforts.