The regulation of the banking industry presents banks and financial institutions with numerous challenges. The reporting requirements are complex and include various data fields, formats and reporting standards. At the same time, data quality and accuracy must be guaranteed in order to provide complete and consistent information. This requires standardisation and harmonisation of data, as information from different systems must be aggregated. In addition, deadlines must be strictly adhered to in order to submit reports to trade repositories on time. The IT infrastructure must be able to capture, store and transfer large volumes of data. Legal regulations and reporting obligations change regularly, which requires constant adjustments. Finally, cross-border and legal challenges must also be overcome, as reporting obligations often extend beyond national borders.
Efficient reporting software must have several key features. It must ensure a high level of accuracy and consistency in reporting by automating data collection. The software should also make data collection, analysis and report generation efficient in order to save time and resources. To ensure compliance, the software must retain transactions and provide an audit trail that enables a traceable review. Flexibility is also key: Dashboards, data visualizations, reconciliation, and other analysis features and help functions make the overview easier, simplify daily work, and reduce the training effort.
Our modular structure and simple implementation make it possible to cover all new or updated reporting requirements. We are happy to customise tecconTR flexibly to your individual customer needs. We offer continuous support and updates to ensure that your compliance requirements are met at all times.
Our tecconTR software solution fulfils all the requirements of efficient reporting software. tecconTR guarantees compliance with reporting requirements within T+5 minutes (APA) and scales through parallel processing of reporting regimes even with high volumes, such as daily valuations. While file processing runs securely in the background, the user interface supports evaluations and analyses as well as manual entries, which meet the highest compliance and transparency standards with integrated audit trail, authorization management, and 4-eyes-principle. Dashboards and other helpful and analytical features, such as input validation and reconciliation (pairing/matching), simplify overview and processing. Comprehensive automated reporting, such as on delegations, supports communication and efficiency. EMIR Refit (EU+UK), MiFID/MiFIR, SFTR are currently in use by our customers (Germany, Luxembourg, Austria). Further regimes such as FinFraG have been implemented and modifications of regimes, e.g. UK versions, MMSR, as well as data connections (Anna-DSB, Gleif, etc.) are in preparation. tecconTR from Be Shaping the Future, as a consulting and implementation partner, is more than just software - tecconTR is your transaction reporting solution, from data provision to evaluation of the trade repository response.
With tecconTR, you are ideally equipped to master the complex challenges of regulatory reporting in the banking sector. Benefit from a solution that combines accuracy, efficiency and security in one powerful package.
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If you would like to find out more about tecconTR or have any questions about the tool and its possible applications, please do not hesitate to contact our team. Our experts will be happy to answer your questions. Contact us today to discuss your individual requirements and find out how tecconTR can support your organisation.
