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    Global Financial Regulatory Reporting Migration

    Unparalleled velocity and certainty of outcome​


    First Derivative successfully executed a critical project for a Tier 1 Bank, shifting from a legacy vendor solution to a cutting-edge new vendor solution for multiple financial regulatory returns. This move was essential to enhance reporting accuracy and efficiency in compliance with financial regulations. ​​

    What we did

    Initially contracted to maintain and enhance reporting software, the scope evolved to resolve data quality issues, automate return submissions, and deploy a new software application.

    Our hybrid team of experts applied in-depth knowledge of the bank’s data systems, automated regulatory reports, and mastered data source migration, ensuring every step complied with stringent regulatory standards.​​

    The results we achieved

    • Enhanced Efficiency: Optimisations led to a 15% time reduction in the existing regulatory reporting process.​
    • Automated Calculations: Replaced previous manual Excel calculations with automated logic.​
    • Data Quality Assurance: Addressed historical data mismatches and introduced full visibility of financial products.​
    • Streamlined Processes: Established a seamless migration process with defect management and ongoing support, aligning all bank entities globally.​
    • Expert Knowledge Transfer: Delivered comprehensive client training on the new solution.