Ramco Banking unveils automatic submission of returns for regulatory reporting


Ramco Systems, a software company focused on consulting,
products and managed services, announced that its Banking Analytics product
enables banks to automatically adhere to the RBI guideline for submission of
returns without any manual Intervention. 


Reserve Bank of India had recently released an approach
paper on Automated Data Flow from various transactional systems of the banks to
RBI. By adopting an automated process for submission of returns, the banks
would be able to submit accurate and timely data without any manual
intervention.


This process would also enable the banks to improve upon
their MIS and Decision Support Systems (DSS). From the RBI standpoint, this
will ensure uniformity in returns submission.


The recent announcement from RBI on Automated Dataflow
has triggered the need among banks for a solution that will quickly help them
to adhere to the RBI guideline. With the launch of Ramco Banking Analytics’ ADF
solution, banks will be able to generate all reports as per RBI guidelines
automatically. Our ADF solution can be deployed on any database management
system and can go live within weeks,” said Kamesh Ramamoorthy, chief operating
officer, Ramco Systems.  


Ramco Banking Analytics is a plug-and-play Bank
Performance Management solution which helps banks to monitor their performance
at various levels in the hierarchy under various Central Bank as well as Banks
own internal performance parameters on near real time basis.


It provides for paperless review system any time, from
anywhere. It facilitates collaborative decision making and is powered by a
comprehensive BI Platform – Ramco DecisionWorks, which offers a robust
infrastructure that can address large scale Enterprise Data Warehouse
requirements.


By Telecomlead.com Team

[email protected]

 

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