b.rx Regulatory Reporting Engine
Automation to relieve the burden
The high level of automation and digitalization of the reporting processes within b.rx relieves reporting teams so that they can stop working on repetitive and manual tasks like exporting & importing Excel files, checking reporting deadlines and more. Our platform brings peace of mind throughout the complete regulatory journey.
b.rx contains an automated setup of the regulatory calendar and corresponding deadlines. By working with reporting frameworks like BIRD, DPM and IReF, we are able to simplify data flows, improve the data quality, speed up the reporting process and cut down in costs.
State of the art reporting capabilities
b.rx comes with built-in support for national and international supervisory and statistical reporting frameworks. Today, the b.rx platform is fully compliant with the reporting requirements of supervisors like European Banking Authority (EBA), Single Resolution Board (SRB) and more local regulators.
With the b.rx Marketplace, we can easily integrate any new national or international regulatory reporting framework by leveraging on our ecosystem of high qualified partners who have in-depth knowledge of the local market.
Discover all the supported frameworks that are currently covered by the b.rx platform in our detailed factsheet.
The RegReporting engine makes your job easier
We have developed the core of b.rx, the RegReporting engine, with only one goal: to make your job easier. How?
Smart workflows, easy data validation and detection of errors are only a part of it:
Our data architecture based on open standards will contribute to the consistency and quality of the underlying data and reports delivered. Combined with our smart validation engine, submitting your reports was never that easy.
Automated submission of your reports
The API-based architecture of the b.rx platform allows you to connect with different best for breed solutions, like risk engines, ALM-systems or other from the b.rx Marketplace. API’s with supervisors are also supported and guarantee a smooth submission without ever having to leave the b.rx platform.
Cutting edge technologies
By relying on a microservices architecture and facilitating the integration of publicly available building blocks (e.g. DPM), regulatory changes can be easily absorbed and quickly integrated. We focus on the ability to scale our platform to your needs and invest in innovation by using big data capabilities and machine learning to optimize the reporting processes.
Lower total cost of ownership
By leveraging on publicly available building blocks like DPM, applying the proportionality principle in our license model and efficiently using cloud infrastructure, the overall cost is drastically reduced. A cost reduction of up to 60% compared to other solutions is no exception when you pay for what you use instead of buying things you don’t need.