iCreate Software has launched a pre-built solution for UAE Central Bank reporting called Biz$core Centrum. In November 2012, the Central Bank of the UAE in November 2012 introduced a new online Banking Return Formats (BRF) reporting system requiring banks to completely automate their returns / submissions and 39 forms were identified to be automated by 31 March 2013.
Biz$core Centrum for UAE Central Bank Reporting adopts a straight-through processing of information aiming to ensure quality and timeliness of data with zero manual intervention. Straight-through processing requires automation of data flow from multiple banking systems directly into a Centralised Data Repository and then into the Central Bank Banking Return Formats (BRF), without any manual intervention so as to ensure data accuracy, integrity and timely submission of returns. Biz$core Centrum also has the capability to go beyond the current Central Bank requirements and has the capability to leave behind an enterprise-class banking Data Warehouse for performing Business Intelligence and Analytics.
Read more: http://www.cpifinancial.net/news/post/19004/icreate-launches-bizcore-centrum-for-uae-central-bank-reporting
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