BOV CHOOSE BRSANALYTICS

Computime is proud to confirm Bank of Valletta is the latest bank to join their prestigious list of existing BRSANALYTICS customers. “We are thrilled that Bank of Valletta have chosen BRSANALYTICS for their regulatory compliance. Today more than 15 banks in Malta use our solutions to fulfil their reporting requirements,” BRSANALYTICS CEO Andrew Borg said on the company’s latest achievement. “While we have been working closely with BOV on a number of different projects for many years, having a large and widely-recognised bank like BOV adopt BRSANALYTICS, further solidifies our reputation as the leading provider of regulatory reporting solutions in Malta.”

IN COLLABORATION WITH UBPartner, WE MAKE FINANCIAL REPORTING IN XBRL POSSIBLE

THE FUTURE OF REGULATORY REPORTING
MADE SIMPLE WITH BRSANALYTICS

BRSANALYTICS, a standard engine which has been developed and refined over the years, addresses the regulatory reporting requirements of financial institutions by systematically gathering the required data for statistical and supervisory reports with minimal manual intervention. This application can be deployed in any financial institution no matter where it is located and bespoke regulatory reporting packages are developed to address the specific requirements of various regulators.

The increased focus on regulatory reporting by many of the world’s banking regulators has increased pressure on financial institutions to provide timely statistical data to ensure compliance. Ultimately, regulation subjects institutions to certain standards, including reporting requirements, restrictions and guidelines with the intent of maintaining standardised practices across these industries. The need for these regulations finds its root in the interconnectedness of banking and credit institutions and the reliance that national and global economies have on these institutions.

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THE REPORTING PACKS

IMPROVE THE ACCURACY, TIMELINESS, QUALITY AND EFFICIENCY OF YOUR REGULATORY REPORTING WITH BRSANALYTICS.

BR06

The core module of BRSANALYTICS is the BR06 regulatory reporting pack which includes among others, Balance Sheet reporting, Statement of Profit and Loss, MIRs, Securities and Flows. By mapping a standard BRS chart of accounts with the bank’s chart of accounts, BR06 reports are automatically filled in with the required data consistently after simply uploading the data.

COREP

The BRSANALYTICS COREP Credit Risk Engine is a customisable and flexible tool which focuses on Stepped Approach to Credit Risk Calculations. COREP includes Exposure Value Identification for on-balance-sheet or off-balance-sheet items based on risk level, Classification of Exposure Classes, and Calculation of Risk Weight.

FINREP

Containing over 65 reporting templates, FINREP builds on data residing within the core financial accounting – related to the balance sheet figures (Assets, Liabilities, Equity and the Income Statement) – and the breaking down and merging of this core data with additional information from non-core data such as collateral and forbearance details amongst others.

WHO IS IT FOR?

AS REGULATORY POLICY INITIATIVES CONTINUE TO BE PRESENTED IN JURISDICTIONS ACROSS THE GLOBE, THE VOLUME AND COMPLEXITY OF REPORTING THAT FIRMS NEED TO COMPLETE IS INCREASING.

AS A RESULT, RESOURCES ARE BEING STRETCHED TO MEET THE NEW REQUIREMENTS. KEEPING AHEAD OF CHANGES AND THE INCREASING DEMANDS OF BUSINESS ARE BECOMING SIGNIFICANTLY CHALLENGING.

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TESTIMONIALS FROM SOME OF OUR TOP CLIENTS

“The BRS application has provided Izola Bank with help in the collation and submission of reports for the MFSA/Central Bank of Malta. By automating the process of data gathering, it has significantly reduced time spent on otherwise unnecessary internal regulatory computation maintenance.”

Alan Bartoli, ICT & Operations Officer
Izola Bank

“Banks are increasingly having to deal with a dynamic regulatory landscape, very often adjusting strategies to reflect new regulatory realities whilst at the same time adapting swiftly to new reporting requirements without exerting too much pressure on both human and financial resources. The Bank decided to take on board the ‘partner’ solution BRSANALYTICS to help achieve precisely that objective. Apart from shortening the regulatory reporting process, the tool offers added functionality that will definitely assist management in monitoring key performance and regulatory indicators on a regular basis with a view to improve decision-making.

The Bank is currently in the advanced stages of implementing the Banking Rule 06 returns and has already devised plans together with Computime to start working on the new reporting regime emanating from the Capital Requirements Regulation (EU) 575/2013 and Directive 2013/36/EU. The experience so far has been very positive. The Bank will be looking forward to start reaping the results of the investment in terms of time and costs in the months to come.”

Robert Ancilleri, Head of Finance & Back-Office Operations
BNF Bank plc

“In holding in-depth discussions regarding BRSANALYTICS, it was evident that the solution was well thought out and backed by a knowledgeable implementation team with the necessary expertise to cater for our regulatory needs. The simple fact that it condenses all the data to produce one single accurate report made it the obvious choice in treating this monthly burden with confidence and efficiency.”

Anthony Schembri, Managing Director
ECCM Bank plc

“Since implementing BRSANALYTICS, FIMBank has increased its efficiency in extracting, computing and reporting data as required by our Supervisory Authorities, resulting in significant time savings whilst achieving a predictable outcome of accurate reporting. We are also using BRSANALYTICS for non-regulatory reporting purposes, including the ability to perform in-depth analysis of our assets and liabilities in various formats as required by Management or in satisfaction of our obligations towards third parties.

By incorporating data from all the data sources, BRSANALYTICS gave us the added advantage of having one central data warehouse. The application has been adapted to suit our complex business model which gives us the flexibility to respond to Regulatory Reporting changes in a more effective and comprehensive manner. In a scenario where the Regulatory landscape is continuously changing, we believe that this gives us the required assurance on the quality and timeliness of our internal and external reporting.

We appreciate the BRS team’s drive and commitment to meet our stringent requirements and that they appreciate the tight deadlines within which we operate. Having a prompt and efficient support service and delivering whenever necessary, it is reassuring to know that they are always available to assist in our requirements.

The BRS team of professionals has the right blend of regulatory compliance understanding and IT expertise necessary for the proper implementation and up-keep of such a product. This gives us the confidence that, at FIMBank, the use of the BRSANALYTICS has a potential to keep growing both within and beyond the regulatory reporting framework.”

Marcel Cassar                                                
First Executive Vice President                         
Chief Financial Controller                                 

Silvio Mifsud
Executive Vice President
Head of Information & Administration
FIMBank

HIGHLIGHTS

BRSANALYTICS UPDATES & NEWS FROM AROUND THE FINANCIAL WORLD

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DROP US A MESSAGE TO FIND OUT HOW BRSANALYTICS CAN DRASTICALLY SIMPLIFY AND IMPROVE
THE WAY YOU HANDLE YOUR REGULATORY REPORTING

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Keep up to date with the latest product developments and all other BRSANALYTICS-related news and events by following us on our social media pages.

BRSANALYTICS is continually evolving to provide one solution for all your regulatory reporting needs, to respond and cater for newly-emerging, more stringent reporting requirements issued by the regulator.

FIND US

Computime Group
170, Pater House, 2nd Floor
Psaila Street, Birkirkara
BKR 9077, Malta

T. +356 2149 0700
F. +356 2149 0800
E. info@brsanalytics.com

OPENING HOURS

Mon to Fri from 08.00 – 17.00 (Winter – October to June)
Mon to Fri from 08.00 – 16.00 (Summer – July to Sept)