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Regulatory Reporting at Enterprise Scale

Millersoft helps companies meet increasingly complex regulatory reporting requirements using the latest intelligent automation tools. Some of recent regulatory challenges we've faced include: IRFS9, ECB Regulation on Payment Statistics, Luxembourg General Agreed Accounting Principles (GAAP) and FRS 102. Millersoft uses the latest intelligent automation software to reduce costs, improve accuracy and demonstrate auditability.

Technology-Driven Reporting Solutions​

To manage the scale and complexity of regulatory reporting, Millersoft employs modern cloud technologies and data integration tools. Our approach includes:​

Cloud-Based Data Integration
Utilising platforms like Amazon AWS, Azure and GPP to handle large-scale data processing and storage.​
Automated Reporting
Implementing automation to streamline the generation of compliance reports, reducing manual effort and errors using our bespoke Sheetloom technology.​
Data Vault 2.0 Methodology
Applying this approach for scalable and auditable data warehousing, ensuring data integrity and traceability.​
Open-Source Tools
Leveraging tools such as Apache Hop and Apache Spark for efficient data transformation and analysis.​

These technologies enable financial institutions to meet regulatory requirements effectively while maintaining operational efficiency.​

Alignment with Industry Best Practices​

Millersoft's regulatory reoprting services align with industry best practices by focusing on:​

Data Accuracy and Consistency
Ensuring that all reported data is accurate and consistent across various reports and regulatory submissions.​
Timely Compliance
Facilitating prompt reporting to meet regulatory deadlines and avoid penalties.​
Scalability
Designing solutions that can adapt to the growing data volumes and evolving regulatory landscapes.​​
Security and Privacy
Implementing robust security measures to protect sensitive financial data in compliance with data protection regulations.​

By integrating these practices, Millersoft supports financial institutions in maintaining compliance and achieving operational excellence.​