Trade Finance Regulatory Reporting Suite
"Kyzer’s regulatory solution for DRI and EDPMS/IDPMS reporting allows to compile and reconcile data pertaining to trade, which banks must report to DRI and RBI The solution allowed us to get up & running on the platform very quickly. The solution enabled us to have a standard operating model and effectively work as per our banking Infosec guidelines. Various reports and dashboards provide a better insight into our operations. Great work Kyzer Team.”
AGM – Forex, Trade Finance, Leading Co-operative BankC
Kyzer’s Regulatory Solutions
- Successfully implemented with Indian & Foreign banks to support their transaction records accurately & submit them at the stipulated time as per various Regulatory prescribed formats.
- Reporting Automated / Validated / 99.99% Error Free
- - RBI portal secure handling with access limited only with administrator.
- - Master Set up equivalent to RBI Portal.
- - Smart Mapping - Payments & Invoice or Shipping bills.
- - Direct integration with CBS / Integration via scheduler.
- - Additional fields / information insertion to ensure complete reporting to RBI.
- - Zero Manual intervention - Shipping bills handling.
- - Auto Checker facility also available.
- - End to end Audit with time stamp.
- - Manual settlement approach.
- - Single view mapping.
- - Multiple scenarios of Settlement handled.
- - Online process – Overall simplification of reporting.
- - Paperless secure transmission - data related to imports/exports from customs.
- - Adjustments and calculations handled.
- - Settlements info to customer.
Trade data Compilation & Reconciliation
Automated compliance, reconciliation & reporting for Trade Transactions (Export / Import)
Secure Intranet Web Hosted Services
Web interfaces to handle processes not available in current trade system or involves high cost for CBS modification.
Automated data flow with minimal intervention ensure better audit
Regulatory Reports Business Intelligence
Customization to Automated Reports, Kyzer also provides Business Intelligence for improving Customer eXperience / TAT
Discontinuation of separate reporting & Shift from Manual reporting to Automated reporting as per RBI guidelines.
Multiple reporting formats Complete Audit Trail
Automated tracking & submission of Failed Reports
RBI Portal Master Management
Masters management within the solution offers validations to ensure optimum accuracy of reporting.
Regulatory Portal Info Security
Elimination of bank-wide login & manual input & output extraction to the Regulatory portals
Error Handling for complete reporting success
Automated / Validated / 99.99% Error Free
Modules Supported – EDPMS / IDPMS
Manual BOE Creation
Other Bank Bill of Entry
ORM Reporting’s & Closure
AD Transfer Request
Import Data Download
Receipt of Document
Payment Realisation & Extension
AD Transfer Approval
IRM Closure & Extension
Export Data Download
Competitive in Digital World
- Promote industry best practices for transparency, auditability, monitoring and control
- Assume regulatory and administrative responsibility for archive management
- Improve operational efficiency and reduce costs by eliminating errors and delays
- Handles high volumes of confirmations quickly and efficiently
- Increase in customer stickiness
- Saves industry costs and mitigates operational risk by increasing the likelihood that a trade will settle.