TECHNICAL BRIEF

FSCS SCV Reporting: Security & Architecture Considerations

Discover how to ensure data accuracy and integrity in your FSCS SCV reporting.

The FSCS Single Customer View reporting system is crucial in the UK financial industry, but traditional methods often suffer from data integrity issues, inaccuracies, and time-consuming operations.

Objectives

Macro Global’s R&D team aims to develop an automated FSCS SCV reporting solution, improving data accuracy, implementing robust security measures, integrating seamlessly with Core Banking Systems, and meeting regulatory compliance.

Technological Challenges and Gaps in Existing Systems

The development of Macro Global’s FSCS SCV Reporting Solution faced several technological challenges, including:

Complex Key Management.
Compatibility Issues.
Ensuring comprehensive data sanitisation.
Rate Limiting for Email Flooding Attacks.
Configuring a secure Content Security Policy due to browser compatibility issues.
HTML Injection and XSS Protection.
Integration of Microsoft Single Sign-On.

Tackling Scientific and Technological Uncertainties

To address the scientific and technological uncertainties encountered during development, Macro Global focused on:

Implementing secure key management protocols for hybrid encryption.
Ensuring compatibility between different components of the system.
Developing AI-powered data validation techniques to maintain data integrity.
Implementing effective rate-limiting mechanisms to prevent email flooding attacks.
Configuring CSP to mitigate content injection threats.
Enhancing input validation and refactoring legacy code.
Redesigning authentication flows and handling authentication tokens effectively.

Technological Breakthroughs and Solution Development

Macro Global’s R&D team successfully developed the following technological breakthroughs:

Combining AES and RSA for enhanced data security.
Implementing CSP to protect against content injection attacks.
Enabling scalability and maintainability.
Automated Reporting Processes
User-Centric Design Enhancements

Macro Global’s FSCS SCV Reporting Solution enhances data processing automation and security in financial institutions, addressing critical challenges and positioning organisations for competitive and regulated environments.