Indian Institute for Human Settlements receives a Rs. 50 crore gift from Nandan and Rohini Nilekani
Published on June 27, 2011
Bengaluru: The RBI, with a view to ensuring accuracy and integrity of data flowing from the banking system to the regulator, had recently released an approach paper on Automated Data Flow (ADF – a straight through process) from various transactional systems of the banks to RBI, to enhance data quality, ensure data integrity / accuracy and timely reporting.
Bangalore-based, iCreate Software today announced its reporting solution BizScore to enable banks comply with RBI’s Automated Data Flow guidelines.A packaged BI/analytics solution built specifically for banks,Biz$corefeatures an Extraction Transaction Loading (ETL) layer whichintegrates seamlessly with coreand transactional banking systems, extracts data from these systems and loads into a Consolidated Data Repository (CDR) which is engineered for automated generation of RBI returns through pre-built reporting templates.
BizScore’s fully integrated Metadata framework enables auditability of the data lineage from source to report. Configurable business rules, maker-checker, multiple output formats and a code management module ensure that the solution is capable of meeting RBI’s reporting guidelines from the same base ADF infrastructure.
Biz$core ADF Solution for banks: Highlights
Speaking on the occasion, 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.”
To help banks learn how they can accelerate their RBI’s Automated Data Flow solution implementation, iCreate is scheduled to conduct a live webinar on July 05. Topics covered would be