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NEW DELHI and BENGALURU, India, July 22, 2020 /PRNewswire/ -- Intellicus technologies, a main provider of business intelligence and analytics solutions, and Modus facts systems, a pioneer in IT offerings to banks, have come collectively to release a effective banking analytics solution.
the answer branded as ModusBI, is constructed on Intellicus business intelligence platform. A geared up healthy for banks, the solution plugs into the middle banking system to supply interactive dashboards with applicable KRAs, self-serve reviews, statutory reports and permits banks to take informed decisions.
"ModusBI comes with preloaded dashboards, KRAs, and reviews which might be extraordinarily applicable to banks. we've got designed the answer in such a way that special person profiles in a financial institution can get access to insights as per their roles. document templates had been created in sync with the hierarchy observed inside the banks and can be made to be had on multiple devices," stated, Chandar Raman, Director, commercial enterprise development at Modus.
"With Modus' deep know-how in enforcing undertaking essential core banking answers in India and globally, ModusBI will deliver superb business cost to banks via leveraging their core banking investments," he introduced.
"Intellicus is partnering with Modus to deliver an unprecedented BI solution for the BFSI sector. Bankers can be capable to investigate their data from multiple structures, at any size with excessive pace and precision. Compliance reviews might be completely automated, freeing up valuable time of the team of workers. premium BI capabilities like self-service, trending and predictions, what-if analytics can be democratized to a wider variety of users who want them spherical the clock," said Rajesh Murthy, vice president, at Intellicus.
ModusBI is in very last stages of discussions and implementation plans with some of the leading banks in a couple of nations.
Modus facts structures Pvt. Ltd. (Modus) is a software improvement and offerings business enterprise primarily based out of Bangalore, India. Modus is a price associate for a main center Banking answer presenting quit-to-end Implementation, customization, aid, renovation and testing services. Modus is engaged with multiple marquee banking clients as their generation accomplice for core banking offerings and niche answers, globally.
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Intellicus is one of the international's main commercial enterprise Intelligence and Analytics structures. greater than 60% of Fortune groups are using Intellicus to build powerful reports and dashboards readily. With over 17,000 installations global, we are assisting companies to make higher knowledgeable decisions. www.Intellicus.Com
Media touch: Shilpi Purishilpi.Puri@intellicus.Com
source Intellicus technology
1. ECB issues advice on dividend distributions and consequences of its vulnerability evaluation.
2. ECB consults on the publication of compounded €STR rates.
3. ECB proclaims organizational modifications to bolster banking supervision.
4. EBA troubles a series of consultations concerning resolution problems and a declaration on Brexit preparedness.
5. SRB issues steering on operational continuity and FMI contingency plans.
ISDA launches chance-free rate (RFR) adoption indicator.
it's going to offer a month-to-month snapshot of RFR buying and selling hobby in hobby quotes derivatives markets, based totally on worldwide cleared OTC and change-traded derivatives records from seven crucial counterparties spanning six currencies.
FSB publishes peer evaluate on macroprudential coverage framework and tools in Germany.
It finds that the macroprudential framework is nicely installed and operationalized, but it identifies some steps to be taken to reinforce the framework (e.G. information collection, public communique, or extending the coverage toolkit). banking templates responsive free
ECB issues advice on dividend distribution and consequences of vulnerability assessment.
i) Asks banks now not to pay dividends and not to shop for again stocks until Jan 2021, expects severe moderation in variable remuneration and sets a direction to repair capital and liquidity positions. Ii) The exercising shows that banks can resist pandemic-triggered pressure, however if the scenario worsens, the capital depletion could be material.
ECB consults on the ebook of compounded €STR rates.
book would take location on a every day basis quickly after the €STR guide , with maturities starting from one week as much as 365 days. A daily index, permitting the computation of compounded costs over non-wellknown durations, is also envisaged. cut-off date: 11th of September.
ECB pronounces organizational modifications to strengthen banking supervision.
the brand new structure reinforces supervisory method and threat function, ensuring consistency of supervisory effects, robust cooperation between bank and supervisory teams and transparency and predictability of their actions.banking templates free responsive
EBA problems a sequence of consultations on resolution.
Consultations regarding: i) the estimation of Pillar 2 and mixed buffer necessities for the cause of setting MREL (deadline: Oct 24), ii) technical requirements for reporting of MREL decisions (cut-off date: Oct 24), iii) draft RTS on indirect subscription of MREL devices within agencies (deadline: Oct 23), iv) draft RTS and ITS on impracticability of contractual recognition of bail-in (closing date: Oct 24), v) evaluation of hints on inner governance under amendments added by using CRD V and IFD (deadline: Oct 31).
EBA and ESMA seek advice from on joint guidelines on the evaluation of suitability of control frame.
The evaluation of the joint recommendations mirror the amendments added by using CRD V and IFD in relation to the evaluation of the suitability of individuals of the control body and key characteristic holders. cut-off date: Oct 31.
EBA publishes hazard dashboard and updates on 2021 eu-huge strain test.
i) The effect of COVID-19 is visible inside the contraction of capital ratios (CET1 fell 40 bps to fourteen,6%), profitability (ROE reduced to at least one.three%) and increased value of danger, which grew to 81 bps. Ii) The workout is predicted to be released at the give up of Jan 2021 and implementation of any potential trade to the framework can be feasible in 2023.
SRB troubles steerage on operational continuity and FMI contingency plans.
steerage on operational continuity in decision with in addition clarifications to banks on the way to implement the SRB expectations associated with this trouble, and steerage on FMI contingency plans on the minimum content material of those plans. banking templates landing page
EBA issues statement concerning the stop of the transition duration for Brexit.
It reminds the importance of adequate arrangements for the stop of the transition length, calling on the establishments to finalize the whole execution of contingency plans, and make sure adequate verbal exchange to concerned eu customers.
ESMA updates transparency opinions for 0.33 united states of america venues.
Following the ebook of the opinion and the listing of 0.33-u . s . a . venues in June, ESMA updates the list of venues with a high quality evaluation; and offers additional steerage on the implementation of such list.
EIOPA issues statement on Solvency II supervisory reporting because of COVID-19. banking template code for website
It considers that insurance and reinsurance undertakings need to now be in a function to comply with the Solvency II framework and encourages them to hold to provide a framework for consistent supervisory tactics.
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