Statutory Reporting System for Banking automates the preparation of banking returns in compliance with the Hong Kong Monetary Authority (HKMA). It connects to your existing information systems or your desirable data source and captures the most updated information on your planned schedule. After a few more mouse clicks to start the calculation process, a full set of HKMA returns are ready for your inspection within a few minutes. Every figure on the returns is well supported with its break down details.
There are some additional data in HKMA returns do not exist in your information system. With the help of the system, you no longer need to handle data sheet by yourself. The system provides an effective tool to organize and utilize additional data for your returns preparation.
The system is fully conformed to the HKMA regulatory standard and has been implemented in many banks in Hong Kong. It is also easy to use and has been proven highly cost-effective in preparing the banking returns over the traditional manual method. The efforts spent on HKMA returns reduced dramatically. You will no longer spending enormous time on data collection and repetitive manual calculation, but rather concentrated on your data analysis, result audit and value-added tasks.
Supports calculation breakdown details for auditing purpose
Allows manual adjustments for all calculated returns before submission
Supports returns submission backup and past returns reprinting
Supports HKMA electronic submission (STET)
Statutory Reporting for DPS Customer Records features:
Automated creation for information of individual deposits, individual on-balance sheet customer liabilities and individual off-balance sheet (OFBS) transactions
Allows import and maintenance of customer information
