Automated regulatory reporting
b.rx, with its high level of automation and digitalization of the reporting process, frees reporting teams from repetitive and manual tasks such as exporting and importing Excel files and checking reporting deadlines. Our platform delivers peace of mind throughout the entire regulatory process.
b.rx can automatically set up the regulatory calendar and corresponding deadlines. By working with reporting frameworks such as BIRD, DPM and IReF, we simplify data flows, improve data quality, speed up the reporting process and reduce costs.
b.rx comes with built-in support for national and international supervisory and statistical reporting frameworks. The b.rx platform is fully compliant with the reporting requirements of supervisory authorities such as the European Banking Authority (EBA), the Single Resolution Board (SRB) as well as other local regulators.
With the b.rx Marketplace, integrating new national and international regulatory reporting frameworks is easily done by leveraging our highly qualified partners who have in-depth knowledge of local markets.
Download our factsheet to find out which frameworks are currently supported by the b.rx platform.
We developed the core of b.rx, the RegReporting engine, with a single goal in mind: to make your job easier. How?
Intelligent workflows, easy data validation and error detection are just a part of it:
Our data architecture is based on open standards and contributes to the consistency and quality of the underlying data and the reports delivered. Combined with our smart validation engine, submitting reports has never been easier.
The b.rx platform’s API-based architecture can connect to various best-of-breed solutions such as risk engines and ALM systems from the b.rx Marketplace. APIs with supervisory authorities are also supported and guarantee smooth report submission without ever having to leave the b.rx platform.
By exploiting a microservices architecture and facilitating the integration of publicly available building blocks (such as DPM), regulatory changes can be integrated quickly and easily. We focus on scaling our platform to meet your needs and on investing in innovation by using Big Data capabilities and machine learning to optimize the reporting process.
By leveraging publicly available building blocks such as DPM, by applying the proportionality principle in our license model and by using cloud infrastructure effectively, the overall cost is drastically reduced. In some cases, costs can be reduced by up to 60% (compared to other solutions) since you only pay for what you use rather than buying things you don’t need.
