"The BRS application has provided Izola Bank with help in the collation and submission of reports for the MFSA/Central Bank of Malta. By automating the process of data gathering, it has significantly reduced time spent on otherwise unnecessary internal regulatory computation maintenance."
Alan Bartoli, ICT & Operations Officer
"Banks are increasingly having to deal with a dynamic regulatory landscape, very often adjusting strategies to reflect new regulatory realities whilst at the same time adapting swiftly to new reporting requirements without exerting too much pressure on both human and financial resources. The Bank decided to take on board the ‘partner’ solution BRSANALYTICS to help achieve precisely that objective. Apart from shortening the regulatory reporting process, the tool offers added functionality that will definitely assist management in monitoring key performance and regulatory indicators on a regular basis with a view to improve decision-making.
The Bank is currently in the advanced stages of implementing the Banking Rule 06 returns and has already devised plans together with Computime to start working on the new reporting regime emanating from the Capital Requirements Regulation (EU) 575/2013 and Directive 2013/36/EU. The experience so far has been very positive. The Bank will be looking forward to start reaping the results of the investment in terms of time and costs in the months to come."
Robert Ancilleri, Head of Finance & Back-Office Operations
BNF Bank plc
"In holding in-depth discussions regarding BRSANALYTICS, it was evident that the solution was well thought out and backed by a knowledgeable implementation team with the necessary expertise to cater for our regulatory needs. The simple fact that it condenses all the data to produce one single accurate report made it the obvious choice in treating this monthly burden with confidence and efficiency."
Anthony Schembri, Managing Director
ECCM Bank plc
"Since implementing BRSANALYTICS, FIMBank has increased its efficiency in extracting, computing and reporting data as required by our Supervisory Authorities, resulting in significant time savings whilst achieving a predictable outcome of accurate reporting. We are also using BRSANALYTICS for non-regulatory reporting purposes, including the ability to perform in-depth analysis of our assets and liabilities in various formats as required by Management or in satisfaction of our obligations towards third parties.
By incorporating data from all the data sources, BRSANALYTICS gave us the added advantage of having one central data warehouse. The application has been adapted to suit our complex business model which gives us the flexibility to respond to Regulatory Reporting changes in a more effective and comprehensive manner. In a scenario where the Regulatory landscape is continuously changing, we believe that this gives us the required assurance on the quality and timeliness of our internal and external reporting.
We appreciate the BRS team’s drive and commitment to meet our stringent requirements and that they appreciate the tight deadlines within which we operate. Having a prompt and efficient support service and delivering whenever necessary, it is reassuring to know that they are always available to assist in our requirements.
The BRS team of professionals has the right blend of regulatory compliance understanding and IT expertise necessary for the proper implementation and up-keep of such a product. This gives us the confidence that, at FIMBank, the use of the BRSANALYTICS has a potential to keep growing both within and beyond the regulatory reporting framework."
First Executive Vice President
Chief Financial Controller
Executive Vice President
Head of Information & Administration