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Banking — Automated Regulatory Reporting for Financial Compliance

Free

This DAG automates the extraction and reporting of financial data to ensure regulatory compliance and traceability. It enhances operational efficiency by providing timely insights into key performance indicators.

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Overview

The primary purpose of this DAG is to automate the regulatory reporting process within the banking sector, ensuring both compliance and traceability of financial data. It begins by extracting data from various sources, including ERP systems and CRM applications, which are crucial for consolidating financial information. The ingestion pipeline is designed to standardize the extracted data, transforming it into a consistent format suitable for analysis. Following the ingestion, the DAG applies str

The primary purpose of this DAG is to automate the regulatory reporting process within the banking sector, ensuring both compliance and traceability of financial data. It begins by extracting data from various sources, including ERP systems and CRM applications, which are crucial for consolidating financial information. The ingestion pipeline is designed to standardize the extracted data, transforming it into a consistent format suitable for analysis. Following the ingestion, the DAG applies stringent quality control measures to validate the data against regulatory standards, ensuring that any discrepancies are identified and addressed promptly. Once the data passes these quality checks, the system generates automated reports that provide insights into compliance metrics and key performance indicators (KPIs). These reports are then stored in a centralized data warehouse, facilitating easy access and comprehensive traceability for auditing purposes. The monitoring of compliance KPIs is a critical component of this DAG; in the event of a failure in the data quality checks, a recovery mechanism is triggered to rectify the issues promptly. This automated approach not only reduces manual intervention but also enhances the reliability of financial reporting, ultimately supporting the bank's commitment to regulatory adherence and operational excellence.

Part of the SOPs & Playbooks solution for the Banking industry.

Use cases

  • Enhances compliance with regulatory requirements
  • Reduces manual reporting efforts and errors
  • Improves operational efficiency and decision-making
  • Provides real-time insights into financial health
  • Ensures comprehensive traceability for audits

Technical Specifications

Inputs

  • • ERP financial transaction logs
  • • CRM customer interaction records
  • • Regulatory compliance guidelines

Outputs

  • • Automated compliance reports
  • • Consolidated KPI dashboards
  • • Data quality assessment logs

Processing Steps

  1. 1. Extract data from ERP and CRM systems
  2. 2. Standardize and normalize the extracted data
  3. 3. Apply quality control checks on the data
  4. 4. Generate automated compliance reports
  5. 5. Store reports in a centralized data warehouse
  6. 6. Monitor compliance KPIs and trigger recovery if needed

Additional Information

DAG ID

WK-0121

Last Updated

2025-01-17

Downloads

116

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