Implementation
of MAS 610/1003

The Statistics and Returns reporting solution by Fintellix covers the entire list of reporting forms prescribed by the Monetary Authority of Singapore (MAS) under the revised MAS 610 and MAS 1003 notices. The reporting solution is powered by Fintellix’s proprietary BCBS-239 compliant Data Management Platform and supplemented by a comprehensive Banking Data Model. The Data Platform can seamlessly integrate with disparate source systems and the solution is agnostic to physical data models already in-use. Fintellix’s solution has the unique ability to enable financial institutions of all sizes to complete implementation of MAS 610/1003 revisions within the prescribed timelines.

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Differentiators

Pre-Defined Taxonomies

Pre-Defined Taxonomies

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    Comprehensive coverage of reporting requirements

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    End user-friendly GUI interface for configuration

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    Updates to Data Taxonomies upon regulatory changes

Pre-Wired Business Rules

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    Business rules to generate all the reporting metrics

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    Resistant to source system updates within the bank

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    Significant savings in implementation time and efforts

Pre-Configured Reconciliation Checks

Pre-Configured Reconciliation Checks

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    Automated checks and notifications within MAS 610

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    Configurable checks between MAS 610 & other notices

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    Minimizes resubmissions and ensures consistency

Deployable On-Cloud & On-Premises

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    Optimal spending on infrastructure and data storage

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    Flexible scaling of data warehouse with business growth

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    Quicker adoption to regulatory changes

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Highlights of the Solution

Reusability

Reusability

Pre-defined Data Taxonomies
reusable across MAS 649/1015, MAS
758, MAS 704, MAS 613, MAS 640,
DIA-N01 & other MAS notices.

Generate Metrics

Business Rules

Pre-wired Business Rules to generate
metrics required for reporting across
MAS 649/1015, MAS 758, MAS 704,
MAS 640 and DIA-N01 reporting form.

Validation Rules

Validation Rules

Pre-built inter-report and intra-report
validation rules for reconciliation.

Edit-Check Engine

Edit-Check Engine

Embedded Edit-Check engine to
create any number of user-defined
validation rules.

Hierarchy

Data Lineage

Ability to drill-down from reported
fields to underlying accounts for
tracing errors and mismatches.

Data Adjustments

Data Adjustments

Support for data adjustments to
reported fields.

Create Structures

Create Structures

Ability to create user-defined table
structures to pass data adjustments
directly to the Data Hub.

Data Quality

Data Quality

Embedded Data Profiler tool to define
and validate against configurable data
quality thresholds.

 Calendar

Calendar

In-built calendar to automate
generation of reports at Pre-defined
frequencies.

Business Requirement

Metric Scaling

Configurable scaling factor for
reporting financial positions and
performance as per regulatory/
business requirements.

Flexible

Multi-format Reports

Ability to generate reports in multiple
reporting formats – XLSX, CSV, XBRL,
PDF, XFDF etc.

Form Reporting

Version Control

Version controller for reporting forms
with the ability to archive and access
older versions.

Review Process Flow

Review Process Flow

RPF engine to easily create unlimited
number of user-defined workflows
with any number of approval levels.

Management Module

Profile Management

User Management module to create
and manage users, roles and access
controls.

Audit Trail

Audit Trail

System generated log files for
Audit Trail.

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Our Knowledge Hub

Blog By Shrikanth Amruthraj, 28 Jul 2018

MAS 610 Assessment - Where to Start?

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Whitepaper 25 Jan 2019

A Review of Data-Cuts Required in the Propose...

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