API-based Prudential Reporting System

Solution

API-based Prudential Reporting System

By Compliant Risk Technology (CRT), RegTech for Regulators Accelerator

The Bangko Sentral ng Pilipinas (the Philippines Central Bank, or BSP) Supervisory Data Center (SDC) was receiving incomplete, late, and inconsistent reports from the supervised financial institutions. Data cleaning and validation was consuming significant resources. The process was primarily manual and highly resource-intensive.

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