To comply with IFRS 9 reporting and automate the Financial Reporting, thus increasing the efficiency and productivity across banks.
IFRS 9, a new guideline, a lot of uncertainty on the models and approaches to be used for computations and data required for the same.
Computation of complicated statistical computations such as PD and LGD and availability and storage of Historical Complexity involved in the preparation of IFRS 7 Risk-based Disclosures.
Issues related to the quality of data available to be used for computations.
Reconciliation of GL balances with transaction balances and generation of financial statements basis IFRS standards.
Concurrence of auditors concerning computations.
Kalypto/ECL and FRA – Classification and measurement, Individual Impairment module, Collective impairment module, ECL recognition (PD, LGD & macro-economic factors, EAD), Cash flow generation module, SICR checklist, Generation of GAAP & IFRS financial statements, Automated accounting engine, Disclosure reports.
System facilitates historical data storage fully sanitized for automated PD & LGD computation using a trigger-based approach.
GL Recon engine which reconciles transactional with GL at the click of a button.
Fully configurable Reporting Engine which can be configured from the front-end by business users thus generating Risk-Based reports with drill-down feature till transaction level.
A common database akin to a data warehouse was created. Data from all the required systems were collated in this database.
Sophisticated models were built in the system to enable the bank to comply with regulatory reporting on a timely basis.
Efficient user audit trail, controls, workflow, authorization and hierarchy approvals mapped as per bank’s policies thus facilitating the bank to obtain auditor concurrence seamlessly.
Benefits of the Case Study to help you understand our Product and reach of Services in a more convenient way
Reduced time frame for automated financial reporting from approximate 2 months to 10 days.
Total STP with audit controls.
Bank can comply to regulatory needs for financial reporting.
process to increase efficiency and productivity across
Kalypto/ECL (IAS 39, IFRS 7)
& FRA . SriLanka
the efficiency and productivity across
Kalypto / ECL and FRA
Kalypto / ECL and FRA
Leading Bank in India
efficient risk management and regulatory
Rating Report Automation based
on Natural Language Generation
Kalypto/LOS and CLM
Implementing Predictive Credit
process, Capital Charge, Limit Monitoring and