Validation Checks
Implement Inter and Intra-Return Validation checks for data accuracy in reporting.
Prewired Drilldown
Drill down directly from return to underlying data through various level of aggregations to the lowest granularity.
Prebuilt Syndicate Return Templates
Pre-Built and Ready-to-Deploy Return templates that are prescribed by Lloyd’s.
Pre-configured Business Rules
Business Rule engine allows business users to configure values for earnings & allocations, ledger, class of business etc. on granular data.
Amid evolving regulatory trends in reporting, regulators across the globe are re-evaluating their approach towards data collection and reporting requirements. Syndicate’s current reporting approaches often lead to errors and inefficiencies, posing challenges in data consistency and time-consuming validations.
Regulators worldwide are embracing the standardized reporting formats, shorter compliance mandates and granular level data collection. To address these requirements, the need for automated solutions streamlining data collection, validation and submission is increasing exponentially.
Crafted with precision, Fintellix Syndicate reporting solution is meticulously tailored to cater to both existing and forthcoming reporting requirements of syndicates. Leveraging an intuitive user interface, preconfigured business rules, and ready to deploy return templates that are prescribed by Lloyd’s, this solution is poised to seamlessly meet the dynamic reporting requirements of Syndicates.
Benefits
Holistic Automation
Achieve end to end automation for data collection data integration, data validation, and return submission ensuring a smooth and compliant reporting process
Seamless Data Integration
Efficient integration with upstream policy management systems. Capability to process high volumes of granular data
Regulatory Alignment
As Fintellix powers MDC of Lloyd’s for data collection, it enables seamless alignment with evolving regulatory requirements, reducing compliance related risks and penalties.
Comprehensive Auditing
Maintain compliance with a full audit trail, recording user activities for transparency and accountability
Multiformat Reports
Ability to generate reports in multiple formates such as XBRL, XLSV, CSV, PDF, etc.,
Data Precision
Access granular data through powerful drilldown capabilities, enabling precise analysis and reporting
Adjustment Framework
Capability of applying return field & data-hub level adjustments, with adjustment commentary & audit reports
Review Process Workflow
Preconfigured RPF engine with capability to customize through UI. Easily create unlimited number of user-defined workflows with multiple approval levels.
Simplified Change Management
Enable business users to manage regulatory changes in a simplified manner, thereby reducing dependency on IT teams
Benefits
Holistic Automation
Achieve end to end automation for data collection data integration, data validation, and return submission ensuring a smooth and compliant reporting process
Seamless Data Integration
Efficient integration with upstream policy management systems. Capability to process high volumes of granular data
Regulatory Alignment
As Fintellix powers MDC of Llyod’s for data collection, it enables seamless alignment with evolving regulatory requirements, reducing compliance related risks and penalties.
Comprehensive Auditing
Maintain compliance with a full audit trail, recording user activities for transparency and accountability
Multiformat Reports
Ability to generate reports in multiple formates such as XBRL, XLSV, CSV, PDF, etc.,
Data Precision
Access granular data through powerful drilldown capabilities, enabling precise analysis and reporting
Adjustment Framework
Capability of applying return field & data-hub level adjustments, with adjustment commentary & audit reports
Review Process Workflow
Preconfigured RPF engine with capability to customize through UI. Easily create unlimited number of user-defined workflows with multiple approval levels.
Simplified Change Management
Enable business users to manage regulatory changes in a simplified manner, thereby reducing dependency on IT teams
Fintellix stands as a pivotal force performing dual role in powering both Lloyd’s MDC platform for data collection and its syndicate reporting solution for return submission.
Our Syndicate reporting solution is uniquely equipped to comprehend syndicate’s challenges, offering an agile ecosystem to navigate complexities. Grounded in deep understanding of regulatory nuances and syndicate needs, our solution streamlines compliance with ease.