Case Study
ICCREA brings Regulatory Reporting to the Cloud
We have implemented the Regulatory Platform GRACE in collaboration with Oracle to provide a large banking group with a new Cloud-SaaS service covering its entire regulatory process.
Where: italy
Where: italy
Challenge
The BCC Iccrea Group is the largest cooperative banking group, the only national banking group with entirely Italian capital. The fundamental requirement was to obtain a SaaS solution on the Cloud.
Approach
Thanks to the strong expertise of our Advisory structure in regulatory areas and the consolidated market positioning of our solutions, we were able to design and implement a regulatory platform deliverable in SaaS-Cloud mode. The project involved replacing the entire chain of production for supervisory reporting, with the aim of ensuring fast closing, data lineage, data governance, and complete technological revision of the entire production chain.
Digital Ecosystem
Solution
Digital Ecosystem
To develop the project, we adopted the best practices of the Design Thinking methodology. The adoption of GRACE allows the client to ensure efficient management of compliance requirements arising from current and future regulations. The flexibility and modularity of the Cloud services provided by Oracle enable us to develop an innovative value proposition to fully meet the client's needs.
Results
Simplification of reconciliations and accounting balancing
Increased frequency and historical depth
Adaptability of phases to the banking process
Fast closing
Impacts
Technologies
Cloud
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Intelligent Ecosystems for a Cloud Strategy.
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