For the best experience, try the new Microsoft Edge browser recommended by Microsoft (version 87 or above) or switch to another browser – Google Chrome / Firefox / Safari
OK

Client Background

  • Our client, a leading Fortune 100 global diversified financial service holding company. 
  • Being a global bank, the client had to comply with the regulations laid down by the federal agencies - Federal Reserve Board (FRB) and Office of the Comptroller of the Currency (OCC). 
  • These included FRB’s Comprehensive Capital Analysis and Review (CCAR) and OCC’s Dodd-Frank Act Stress Test (DFAST), a semi-annual exercise intended to assess the large bank holding companies (BHCs) risk profile and capital adequacy even at times of adverse economic and financial stress.
  • Data sourcing from different demographics and business units was manual, time-consuming, and tedious through email communications. Non-compliance to CCAR reporting led to high-cost implications. 

Xoriant Solution

  • Xoriant combined engineering rigor with next-generation technology expertise to make the regulatory reporting process smooth.
  • Designed platform architecture for reports management, process orchestration & workflow.
  • Developed the platform for enterprise-wide regulatory report specific data aggregation, submission & management. 

Key Benefits

  • Reduced 90% manual errors and achieved 100% accuracy level in submitted data. 
  • Delivered single day report submission irrespective of report type.
  • Reduced time taken for report generation & submission.

Get Started

vector_white_1
Think Tomorrow
With Xoriant
triangle triangle triangle triangle triangle
Is your digital roadmap adaptive to Generative AI, Hyper cloud, and Intelligent Automation?
Are your people optimally leveraging AI, cloud apps, and analytics to drive enterprise future states?
Which legacy challenge worries you most when accelerating digital and adopting new products?

Your Information

7 + 1 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Your Information

8 + 3 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Your Information

1 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.