With the frequent reporting changes by the Central Bank, it has become a challenging task, requiring significant time and resources from banks. Preparing, running and delivering these reports are creating significant overtime and is time consuming for IT and Compliance officers.
The in-house developed and maintained Greenlight solution is customized for each jurisdiction to automatically create and deliver all required reports according to Basel II and III regulations. This solution drastically reduces manual interventions. Our Regulatory reporting experts also work closely with Central Banks and Financial Institutions throughout the Caribbean as a guide and advisor through the preparation for and implementation of standards and processes.
The Greenlight solution will include all standard Central Bank schedules for all reporting levels. As such, no report development is required after the acquisition of the solution that can be implemented in-house or hosted at a Tier IV Certified data center.