For Financial Supervision Authorities
Real time compliance
TO GIVE EARLY WARNING OF REGULATORY BREACHES.
Full supervisory lifecycle support
A single system providing full support for license management, regulatory reporting and analysis, risk profile and rating, alerts, market statistics, inspections, markets and more
Effective automation
Automates all routine functions including data collection, archiving, analysis, report production and alerts. Thereafter providing templates for targeted reviews, issuing tracking workflows, sanction processing, etc. Freeing up scarce human capital to focus on value added activities.
Easily adaptable
The system is designed to be changed by non-technical staff to easily adapt to your changing needs. Quick and easy modification of functionality by your staff is key.
Modular design
The FSIP architecture is modular and facilitates rule and configuration driven customization of its functionality. This allows you to choose only those functions you need and make changes easily.
Oracle efficiency & security
Built on the best-of-breed technology for database security and identity management, you can receive, store and transfer sensitive data with confidence.
Trusted by a growing number of regulators
eProseed FSIP is a new, cutting edge system built on solid, industry leading architecture. It is trusted by an increasing number of regulators to transform their supervisory framework.
The Challenge
Post-GFC regulatory requirements see supervisory authorities dealing with overwhelming volumes of compliance data, while facing heightened public expectations of comprehensive, real time oversight of the financial system.
eProseed FSIP meets these challenges head on. Its powerful, comprehensive suite of supervisory tools drives efficient data collection, cleansing, processing, archiving and dissemination.
Smart algorithms make sense of vast, complex data sets, highlight key issues and raise red flags. The software leverages machine learning and artificial intelligences (AI) to improve these algorithms, effectively getting smarter over time, by learning what you are looking for.
The provision of timely, accurate information enables more rapid responses, while reducing supervisory costs.
Our vision is to reduce the risk of future Global Financial crises by ensuring that compliance breaches don’t fall through the cracks. It is impossible to adequately regulate financial institutions and companies working with stale data from limited samples. We need to see the big picture, in real time.
Benefits
eProseed FSIP is easy to implement and fast to deploy, because it connects to diverse data sources and formats. This means regulators and reporting parties do not have to change their existing systems.
Cost Effective
Fully automating supervisory processes significantly improves speed, whilst reducing error and cost, and allows scarce regulatory staff to better use their skills to add value.
Future Proof
Financial market regulators increasingly want a forward looking, predictive approach to manage systemic risks. eProseed FSIP answers that call.
Bespoke
eProseed FSIP is designed to monitor compliance with international standards including BASEL III, Dodd Frank and MiFID II, but its monitoring solutions are tailored to your specific needs. It can easily be updated by your 4organization as those needs change.
Secure
The platform is built on internationally renowned technology solutions for security and identity management, so you can receive, store and transfer sensitive data with confidence.
Why eProseed FSIP?
eProseed FSIP is owned and run by business professionals with hands-on regulatory experience, in partnership with a team of the world’s best technology software developers at eProseed.
With 15 excellence awards received in the last 7 years and a global workforce in offices in 13 countries, eProseed is a trusted partner for a growing number of regulators and financial service providers.
eProseed FSIP in detail
Technological enablement of supervisory activities is a non-trivial undertaking, requiring:
- efficient collection of data from multiple sources at varying frequencies,
- secure storage and transmission of this data,
- complex and timely data processing to produce intuitive reports and insights,
- provision of meaningful data to enable supervisors to conduct targeted off-site and on-site assessments plus workflows to facilitate this,
- creation of on-going audit plans and trails,
- handling of structured and unstructured processes and content,
- enforcement action tracking,
- content based dynamic security policies, etc
Using the full-stack of best-in-class Fusion Middleware (FMW) and Database (DB) products, eProseed RTC has created a comprehensive and highly customizable supervision and insights platform in eProseed FSIP.
Real Time supervision with less cost, time and effort
eProseed FSIP offers the benefits of the best-in-class highly scalable and reliable technology stack at a compelling price.
The FSIP platform uniquely integrates a comprehensive portfolio of leading technologies, offering advanced functionality, including state of the art computational engines, machine learning, advanced encryption and unrivalled ability to connect to other systems.
This solution incorporates data integration, data warehousing, service-oriented architecture (SOA), business process management (BPM), adaptive case management (ACM), enterprise portal, content management and dynamic business intelligence products, all in a highly secure framework.
The platform automates all routine work including data collection, archiving, standard (daily, weekly and monthly) report production, raises risk alerts and allows compliance supervisors and examiners to focus on value adding off-site and on-site investigations, better equipped with timely insights.
The Supervision Pack currently covers more than 200 supervision business activities and provides 180 supervision reports.
The functionality offered by eProseed FSIP is unique, and a result of the combination of the best-in-class technology and the expertise of eProseed. Yet the solution is cost effective as eProseed has a global license to provide the underlying technology stack at a compelling price.
HELPING FINANCIAL SUPERVISION INSTITUTIONS TO SIMPLIFY THE COMPLEXITY OF FINANCIAL SUPERVISION