Business Challenges for Regulatory Reporting​ – Asia Pacific

Business Challenges for Regulatory Reporting

/ Asia Pacific

Regulations are constantly evolving, creating the need for software that is agile enough to meet these changes. 

For nearly 30 years, VERMEG has been delivering industry-leading risk management and regulatory compliance solutions to the financial services industry and large corporations in APAC.

Our dedicated in-country regulatory SMEs ensure that AGILE Reporter complies with ongoing regulatory changes

We support over 100 clients including on-premises and SaaS deployments making VERMEG’s AGILE Reporter the most widely used reporting platform in APAC.

Our solution offers full coverage for all regulatory reports needed by finance and risk departments in multiple jurisdictions throughout Southeast Asia, North Asia and Oceania.

AGILE Reporter’s rapid implementation methodology (built on extensive experience) allows our clients to achieve an optimal return on investment within a minimal timeframe. This is one of the key reasons why we have seen the AGILE Reporter client community grow steadily in recent years.

VERMEG ensures that its solutions accord with all relevant standards so that clients are assured of robustness of process and data security. VERMEG is both SOC2 Type II and ISO 27001 certified. 

Singapore

Most widely used reporting solution by the banks in Singapore for MAS reporting.

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Recent regulatory updates from MAS:

TBGS updates

 

Hong Kong

Full support for both foreign and locally incorporated banks. Full support for HKMA’s new “GDR” regulations.

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Australia

Complete APRA reporting including EFS, new Granular Collection Scheme reports (ARS/APS 220, 112, 113) and APRA Connect integration.

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Rest of Asia Pacific

VERMEG has out-of-the-box solutions for regulatory jurisdictions across Asia along with a proprietary accelerator for quickly entering new markets.

Contact us and find out more.

Regulatory Update Service

VERMEG commits to maintaining its portfolio of reporting solutions in line with all mandated regulatory changes.

VERMEG subject matter experts continually monitor announcements and publications from the regulatory authorities across APAC. These changes are built into are software and delivered to our customers quickly enough to ensure they don’t ever fall out of compliance.

Granular Data Reporting

Asia leads the globe in adoption of granular collections.

VERMEG’s “FCR” engine is a ground up reimagination of a regulatory reporting data management platform. Highly scalable and in-memory processing gives the responsive of traditional templates when operating on massive data sets.

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Key benefits

AGILE Reporter can be deployed in-house on internal infrastructure or your organisation’s private/public/hybrid cloud. Alternatively it is available as Software as a Service from VERMEG.
AGILE Reporter offers a wide range of implementation options to accommodate requirements from across the spectrum of financial organisations.
Process control and attestation approval workflows allow scrutiny and sign off of returns by the appropriate individuals whether a single path of approval for all or different depending on the class of return.

Download our brochure about AGILE Reporter (PDF).

 

Key Solution

A comprehensive and modular solution covering Regulatory Reporting

Extend AGILE Reporter! Our Low-Code No-Code platform helps banks add even more value to their regulatory reporting toolchain

Awards & certifications

VERMEG is delighted to share that we were recently awarded ‘Best MAS 160 Solutions’ at the RegTech Insight APAC Awards 2024 for our AGILE solution.

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