Overview

Ignimission Banking Compliance is a comprehensive platform designed to streamline the collection, entry, and management of regulatory data in the banking sector. Recognized as Wavestone’s Radar RegTech’s favorite application of 2022, this solution addresses the complex challenges of compliance by centralizing data, automating workflows, and generating detailed reports in real-time. Tailored to the specific needs of each organization, Ignimission Banking Compliance helps financial institutions manage regulatory requirements such as FATCA (Foreign Account Tax Compliance Act), AML (Anti-Money Laundering), KYC (Know Your Customer), and KYS (Know Your Supplier), transforming compliance management into a proactive and efficient process.

Features

Campaign management engine

Our engine enables you to create and manage multiple compliance campaigns with complete flexibility. You can customize the frequency and content of each campaign, adapting questionnaires to suit the applicability of each structure. This tailor-made approach ensures relevant and efficient data collection, reducing the time and resources required while improving the quality of the information gathered. What’s more, the system incorporates automatic follow-up functions, ensuring proactive monitoring of campaigns and optimizing response rates.

Flexible management of indicators and applicability

The application allows functional administrators to create and manage their own indicators, enabling rapid adaptation to regulatory changes. Fine-tuned management of the applicability of indicators for each structure ensures that only relevant data is collected. Customizable forms enable both quantitative and qualitative data to be collected, providing a comprehensive view of your institution’s compliance.

Validation workflow

Our workflow system adapts to the organizational structure of your institution, ensuring that every stage of data collection and validation complies with your internal protocols. Full traceability of all actions carried out in the system ensures the auditability required by regulators, reinforcing the reliability and transparency of your compliance processes.

Partitioned to-do list management

The application offers to-do list management adapted to the scope and role of each user. This feature optimizes task management with the ability to configure automatic notifications, ensuring effective monitoring of compliance activities. Users can easily prioritize their tasks and track their progress. The portal supports multiple languages, facilitating collaboration within international groups and ensuring consistent compliance worldwide.

Dashboards and reporting

Campaign monitoring dashboards offer a range of customizable outputs. These visualization tools enable real-time monitoring of compliance campaign progress, and facilitate decision-making based on up-to-date data. Users can create detailed reports and interactive visualizations for in-depth analysis of compliance data.

API integration

The application opens up as an API for sharing data with other systems, enabling seamless integration with your existing IT ecosystem. This functionality facilitates the consumption and export of data to various tools, such as Business Intelligence (BI) systems, data hubs, risk management tools, or regulatory reporting platforms. This interoperability strengthens your organization’s analysis, reporting and decision-making capabilities, while ensuring data consistency across your various systems.