Headline
CVE-2022-34834: AgileReporter | Regulatory Reporting Solution by VERMEG
An issue was discovered in VERMEG AgileReporter 21.3. Attackers can gain privileges via an XSS payload in an Add Comment action to the Activity log.
For a strategic solution you seek:
- Cost reduction & risk reduction
- Efficiency optimisation
- Embedded regulatory change management
- Straight through process control
- Senior management certification obligations
- Regulatory reporting certainty, globally
- Machine-readable regulatory reporting readiness
SaaS
Reduce your TCO. Let VERMEG handle the IT complexity
AGILE MI
Gain valuable insights from your regulatory data
AGILE Assure
Bring the DataOps revolution to your regulatory data management
Digital Transformation
Extend, customise and innovate with AGILE Design Studio and Veggo
AGILE Reporter value for our clients
Calculation & allocation: Comprehensive calculations from Basel III risks to national statistical allocations
Ratios: Credit & Market Risk, Leverage, Liquidity Coverage, Large Exposures, IRFS standard computations, integration of models and own analysis reporting
International reporting: Coverage including EBA & ECB (COREP, AnaCredit etc), and multiple international regulators in EU, UK, US, and MAS, HKMA, APRA and others
Added value: Capital utilisation, CFO & management information, dashboard status, threshold alerts, key performance metrics
Change management: VERMEG regulatory change management includes horizon management, impact analyses, data deltas and reporting update service
Workflow and maximised automation: Validations, variance, trend and other sanity checks achieve optimised straight-through processing
Process control: Enjoy ‘exceptions only’ intervention & instantly traceable attestation & approval audit trail
Sized & delivered to suit you: Choose from enterprise-wide full automation, or local last mile, on premise, in the cloud or Regulatory-Reporting-As-A-Service
Download our brochure about AGILE Reporter (PDF).
Granular Data Reporting – a new paradigm of innovation in regulatory reporting or just new challenges?
Download the Whitepaper
Client stories
Client 1
Tier 1 Domestic Bank
Challenge
- To find a Regulatory Reporting solution capable of integrating with external calculation and processing capabilities
- To reduce operational risk
- To increase reporting consistency and transparency
- To facilitate accelerated regulatory change management
Client 2
Neobank growing from start-up
Challenge
- To find a partner for its Finance team to assist with regulatory reporting requirements in the immediate term and the future as the organisation evolves and scales to a fully fledged bank.
- The need for a solution/system that minimises the resource requirements of bank’s teams in the areas of Solution Delivery
- To find a vendor to provide not just a solution but also subject matter expertise to complement the in house team, and to ensure all new regulatory reporting requirements can be met.
Solution
- Provision of AGILE Reporter’s out of the box integration to Oracle’s OFSAA (Oracle Financial Services Analytical Applications) platform.
- Improved Straight Through Processing (STP) achieved from direct coupling of outputs from OFSAA Results data to AGILE Reporter.
- VERMEG Subject Matter Expertise around the interpretation of client requirements and business for reporting purposes and the delivery of the operational process to fulfil these.
- Ability to incorporate data from sources outside of OFSAA into regulatory reporting workflow to ensure completeness of automated reporting coverage.
Solution
- Full scope automated AGILE Reporter deployment
- VERMEG regulatory expertise to provide guidance on current and future regulatory requirements
- Analysis Module to facilitate Bank scrutiny of Regulatory Data
- Hosted on VERMEG cloud platform (Amazon Web Services)
Results
- Streamlined overall Regulatory Reporting workflow while minimising manual intervention in the process
- Increased accuracy of reporting results through use of the consolidated platform
- Transparency of process by providing lineage of reporting data from source to regulatory return
Results
- Automated, end-to-end solution providing population of regulatory returns from source data without manual intervention or work arounds
- Flexible data mapping that meets the needs of a growing business and an evolving IT Architecture
- Consistent data lineage from source through to final returns
- Comprehensive validation checks ensure integrity of regulator submissions
- Cloud solution minimises burden on Bank’s technical resources with regard to both delivery and ongoing maintenance
****Awards & Certifications****
VEREMG is delighted to share that we were recently awarded ‘Best Vendor Solution for APRA APS 220′ AND ‘Best MAS 610 Solution’ by the RegTech Insight APAC Awards 2022 for our AGILE Reporter solution.
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