REG-Reporter automates compliance with reporting requirements to regulatory authorities, management and head offices, and helps ensure the accuracy and integrity of financial reports while increasing the efficiency of reporting. It combines data from all of the bankâs operating systems into a central data repository, where key information is translated into standardized data. The resulting data is then compiled into the required report formats recognized by regulatory agencies such as the Federal Reserve Bank, FFIEC and OCC.
IDOM President & CFO Vincent Raniere commented, "We are pleased to be partnering with Fidelity Regulatory Solutions in providing financial institutions with a comprehensive suite of regulatory reporting software solutions. Fidelity Regulatory Solutions is committed to serving the financial services industry with advanced technology solutions that help clients remain competitive. We believe our REG Reporter software compliments Fidelity Regulatory Solutionsâ CallReporter and Y9Reporter regulatory reporting products."
Raniere further commented, "Additionally, with REG-Reporter, financial institutions can produce MIS and ad-hoc reports through the central data repository for further financial analysis to minimize operational risks."
Fidelity Regulatory Solutions Vice President, Phil Templer stated, "We believe that our partnership with IDOM provides a robust suite of products that will help financial institutions to reduce their overall regulatory reporting burden and optimize reporting and auditing capabilities. With over 5,300 banks using our CallReporter and other ancillary regulatory products, our clients have the opportunity to take advantage of the benefits offered through the REG-Reporter automated regulatory reporting solution."