Support About company Solutions Services activity Press center Career home > Press center > news Post Bank has automated the preparation and release of regulatory reports 14 September 2016 Post Bank has completed the process of automating the preparation and issuance of reports for the Central Bank. Due to a significant increase in the number of transactions subject to accounting, the bank replaced its own developed system with an industrial solution from R-Style Softlab. The project continued for two years. It included the construction of a data warehouse, the implementation of reporting forms and reconciliation reports based on the RS-DataHouse information and analytical system and the analytical business application “RS-DataHouse: Reporting of the Central Bank of the Russian Federation” . Automation of reporting will allow the bank to minimize regulatory and operational risks, reduce the load on accounting systems and optimize the time spent by employees on the preparation of Central Bank reports. The automation process covered a wide range of Central Bank reports and was divided into 14 stages, during each of which from 1 to 8 reporting forms were implemented. Immediately upon the adoption of the form, the vendor took it for support in order to promptly make updates within the framework of changes in legislation. This approach allowed not only to reduce the risks associated with the emergence of new regulatory requirements, but also to optimally plan the work of business units and IT specialists of Post Bank. Currently, the bank has automated the preparation of 34 of the most labor-intensive and complex reporting forms of the Central Bank of the Russian Federation, as well as 16 verification reports intended for continuous monitoring of the quality of information in the bank data warehouse. Over the two years that the project lasted, the volume of information used in the storage increased by 70%, in the future it will grow at least 2-3 times more in the coming years. “A feature of any reporting system is that it must be constantly updated in accordance with new requirements from the regulator. This means that additional resources must be allocated for this, - said Andrey Frolov, Advisor to the President of Post Bank for IT. “Our partner, R-Style Softlab, will take over the maintenance of the system within the framework of updating the legislation, which will facilitate the formation of the Central Bank's reporting and the work of the bank as a whole.” The most difficult was the final stage, when the 0409135 form was introduced. It carries out the daily calculation of the bank's standards, and in terms of the complexity of construction, it is comparable to the preparation of half of the entire Central Bank reporting. Among the other most important forms implemented for the bank are 0409118 “Data on the concentration of credit risk”, 0409808 “Report on the level of capital adequacy to cover risks, the amount of reserves for possible losses on loans and other assets (published form)” and others. “The interest of financial institutions in industrial solutions for compiling mandatory reporting is now very high, since the Central Bank of the Russian Federation is constantly tightening requirements, making more and more changes,” commented Yulia Kvetkina, director of the analytical systems development department at R-Style Softlab. “Banks are trying to find a vendor who is ready not only to automate the reporting process, but also to take on the support of legislation.” About Post Bank Post Bank (license of the Central Bank of the Russian Federation No. 650 dated March 25, 2016) is a universal retail bank created by the international financial group VTB and Federal State Unitary Enterprise Russian Post on the basis of Leto Bank (subsidiary bank VTB24). VTB Group owns 50% + 1 share of the bank, a subsidiary of the Russian Post - 50% -1 share. Post Bank is focused on the mass customer segment. Savings accounts, deposits, a wide range of credit products, payment and credit cards, payments and transfers, mobile and Internet banking are available to the bank's customers. Bank website: http://www.pochtabank.ru/. About R-Style Softlab R-Style Softlab is a leading Russian developer and integrator of banking software, part of the international group of companies Asseco... The company develops its business in the following areas: remote banking and front-office, analytical business applications and data storage, automated banking systems, systems of interaction between banks and government agencies. In addition, it provides credit institutions with related services for building complex SOA integration solutions and administering database management systems. R-Style Softlab solutions are used in every third bank operating in the Russian Federation. Among the customers: Sberbank of Russia, Post Bank, FC Otkrytie, Alfa-Bank, Rosselkhozbank, Gazprombank, MDM Bank and many others. More details on the website: www.softlab.ru Share this: All news Press center News Subscription Publications Corporate Blog RS-Club 100 Magazine Press Press service request +7 (495) 796-9315 press@softlab.ru More details 127549, Moscow, st. Prishvina, 8 Phone: +7 (495) 796-9310 Directions 03110, Ukraine, Kiev, st. Solomenskaya, 5. Tel: +38 (044) 496-3455 Directions © 2005-2016 R-Style Softlab, All rights reserved. Join us: Website development - AIC Site development - Skillpoint