iCreate: From a Good Start to a Great Finish - Automating Data Flow in Banks
During late 2010, India’s premier Central Regulatory Institution - the Reserve Bank of India (RBI) informed banks via an ‘Approach Paper’ that they require submitting over 200 reports spanning key areas such as Treasury, Reconciliation, Advances, Deposits, Frauds and Foreign Exchange. While banks were already sharing most of this information with the RBI, the highlight of this particular communication was that the data henceforth had to be submitted directly from the banks’ source systems with
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