Regulatory Reporting
Better Business. Better Compliance. More Efficiency
All-in-One FSCS SCV Enterprise Solution Suite, a proven, mature reporting solution comprises two products designed and suitable for financial institutions to control, automate and be flexible to meet ever-increasing regulatory requirements.
The best solution to all your challenges around FSCS regulatory reporting
Automate your FSCS SCV reporting with the fully tried and tested 10th Gen Single Customer View platform.
Data Aggregation
Fully automated intelligent platform provides you with the utmost data integration, managing account segregations carefully using linked accounts and related datasets. Generates accurate SCV reports to the satisfaction of FSCS.
Data Quality
Easily integrate with CBS, facilitates multi-level data validations and control procedures using AI-based fuzzy logic, prevents data duplication, and generates accurate SCV reports quickly in the correct format for FSCS submission.
Data Privacy & Compliance
Complies with ISO standards and FSCS regulatory requirements. ensures a high level of data security and compliance throughout the entire regulatory life cycle. Protects your SCV output files with a highly encrypted and complex password mechanism.
FSCS SCV Enterprise Solution Suite generates necessary reports, reduces the compliance risks, and retains “Green Status Adherence” with PRA for
Featuring an out-of-the-box solution to empower your FSCS SCV regulatory reporting capability by 360 degrees
FSCS SCV Enterprise Solution Suite improves operational efficiency by overcoming time-consuming inefficiencies and reducing the time spent matching the account balances.
Effectuate your FSCS SCV regulatory requirements with SCV Alliance, a data-driven compliance platform for banks and other financial institutions. A complete and compliant solution with 170+ well classified risks, capable of automatically validating and complying with FSCS requirements to report on-demand in 24 hours.
Transform, automate, and streamline regulatory operations, end to end
Collect & Cleanse
Structure & Enrich
Validate & Transform
Audit & Screening
Communicate & Engage
A proven future-proof solution successfully being used by our clients over 10 plus years to complete their
FSCS SCV submissions.
Well Classified 170+ SCV Audit Checkpoints to track and report potential High & Medium risk data issues.
Third-party integrations to validate data against FCA DB, Royal Mail DB, Companies House, Charities Register, ISO, IBAN, Sort Code DB and more.
Data Mining, Data Cleansing, Data Enrichment and Reconciliation functionalities to identify and remediate data-related issues and inaccuracies.
Full Audit history and facility to compare previous ones to benchmark and track metrics for data remediation.
AI-based algorithms to identify inaccurate customer & account holder information, account segregations, data duplication and more.
Business Consulting Services on the data governance and operational best practices in the FSCS reporting landscape.
Monitor and manage the FSCS SCV regulatory obligations to achieve the objectives within the regulatory timeline
All-in-One FSCS SCV Enterprise Solution Suite, a data-driven compliance platform for member banks to effectuate the regulatory requirements.
Be ahead of your peers
Periodic upgrades to ensure customers stay ahead of compliance in the ever-changing regulatory environment. You can fully rely on quality and integrity.
Fulfilment / Peace of Mind
We analyse and address your pain points and customise our product to be the best fit for you.
Operational Efficiency
Improve operational efficiency by overcoming the time-consuming inefficiencies and reduce the time spent in matching the account balances between two different systems.
Reduce Risk
Reduce risk by resolving exceptions and proactively eliminate loss due to errors. Removes the risk of human error, including matching algorithms, formulas, logics with preset business/process rules thereby providing a vital layer of control.
Rapid turnaround
Our FSCS reporting solution give users the competence to drill down their data to any level of granularity with the ability to track, monitor, remediate and scale up your data with minimal man-hours.
Automated Process
Fully automated straight through processing, allowing validation, data enrichment, and managing account/customer rules. Automatic reconciliation process at any time during an accounting period and all reconciliation history recorded.
We do not spare any effort in ensuring data security and compliance
Our FSCS SCV Enterprise Solution Suite is fully compliant with strict regulations based on recommended industry standards. Flexible and economical architecture ensures strong data protection in a secured Azure Cloud, featuring session-based and secured multi-factor authentication to protect client transmission session data.
Complies with ISO standards
Strong customer authentication
IP restrictions for Admin Portal
Microsoft Enterprise Grade Security
Secure data capture
Stringent data retention policies
Malware Protection
Robust 256-bits Encryption
Periodic VAPT to the webserver
3D Secure authentication
URL copy prevention
SAS, EIT, EAR, NLC, Physical and Web App Level Firewall
Complies with ISO standards
Strong customer authentication
IP restrictions for Admin Portal
Microsoft Enterprise Grade Security
Secure data capture
Stringent data retention policies
256-bit SSL encryption
Malware Protection
Periodic VAPT to the webserver
3D Secure authentication
URL copy prevention
SAS, EIT, EAR, NLC, Physical and Web App Level Firewall
FSCS Single Customer View Regulatory Reporting - Planning the next
Our FSCS Single Customer View regulatory compliance solution for banks helps with three major steps to navigate the current and future business climate.
Define your near-term and long-term regulatory obligations
Whether you are focused on business growth, responding to growing demands, reinventing your business models and whatever you are on it, you can keep your focus on growing your business and leave the FSCS regulatory compliance burdens on us. We are the experts who can take care of you around the clock.
Be proactive and plan to manage disruption
Business disruption is not a one-off occurrence in the intricately connected world. Irrespective of your plans you must be ready to prepare the business to weather the storm either now or in the future. Be ready for anything. Your focus to be on the business rather than on the FSCS Single Customer View regulatory reporting burdens. We will do the heavy-lift and you can sail smoothly.
Choose to be ahead of the curve and resilient
Stay well ahead of your industry peers. Learn the FSCS regulatory compliance changes in advance and deploy and manage your FSCS Single Customer View reporting proactively. Get away from legacy platforms and embrace highly scalable 10th Gen Single Customer View Platforms.
Our Knowledge Base Resources
WHITEPAPER
FSCS - SCV Reporting Challenges & Bottlenecks for Foreign Banks in the UK
BUSINESS CASE
Macro Global's SCV Approach and Implementation
CASE STUDY
Brexit & GDPR Compliance The door to the future
BUSINESS CASE
Reconciliation support with CBS Data Reporting
CASE STUDY
Our Regulatory Reporting Solution and Data Governance Support for Foreign Banks in the UK
BUSINESS CASE
Data Augmentation with Data Enrichment Process
Banks & financial institutions across the world are building their digital transformation journey through our platforms
Still not convinced? Hear what our clients say
IT Manager, Bank Sepah International plc
London
We have been working with Macro Global for good 7+ years and the team is unique with their approach and hold their patience with limitless iteration to resolve the problem by engaging great attention to detail on root cause analysis. We can rely on them in almost on all critical priorities and their support is second to none. Great bunch of professionals and we look forward working with them for the foreseeable future.
Risk Governance Manager, Riyad Bank
London
RBL has worked with Macro Global for over three years. We find their service to be first class. The team are exceptionally helpful and professional. In our opinion we couldn’t ask for a better business provider and would recommend Macro Global to all concerned.
Head of Compliance, Bank of India U.K. Operations
London
Pleased with the timely delivery, excellent service standards, easy accessibility and professional approach of the Macro global team. From our business experience of the past 5 years, we can say it is a reliable, growing outsourcing firm excelling in execution, customer support and delivery commitments, and helping us to meet the regulatory reporting targets.
Head of Operations, IT & Facilities, ICICI Bank UK Plc
London
I feel that the team at Macro Global is amongst one of the best I have ever interacted with in my career. Their expertise in the subject matter, understanding and documentation of processes, detailing of every step of the project and ability to deliver on regulatory reporting (SCV & CRS) and technology platforms (PSD2) amid tight timelines is commendable. This coupled with an visionary leader – Saro, guiding them is a sure-shot recipe for success. I wish them best of luck and am sure they will grow to even greater heights!
Head of Compliance, Bank of India U.K. Operations
London
Pleased with the timely delivery, excellent service standards, easy accessibility and professional approach of the Macro global team. From our business experience of the past 5 years, we can say it is a reliable, growing outsourcing firm excelling in execution, customer support and delivery commitments, and helping us to meet the regulatory reporting targets.
Risk Governance Manager, Riyad Bank
London
RBL has worked with Macro Global for over three years. We find their service to be first class. The team are exceptionally helpful and professional. In our opinion we couldn’t ask for a better business provider and would recommend Macro Global to all concerned.
Head of Operations, IT & Facilities, ICICI Bank UK Plc
London
I feel that the team at Macro Global is amongst one of the best I have ever interacted with in my career. Their expertise in the subject matter, understanding and documentation of processes, detailing of every step of the project and ability to deliver on regulatory reporting (SCV & CRS) and technology platforms (PSD2) amid tight timelines is commendable. This coupled with an visionary leader – Saro, guiding them is a sure-shot recipe for success. I wish them best of luck and am sure they will grow to even greater heights!
IT Manager, Bank Sepah International plc
London
We have been working with Macro Global for good 7+ years and the team is unique with their approach and hold their patience with limitless iteration to resolve the problem by engaging great attention to detail on root cause analysis. We can rely on them in almost on all critical priorities and their support is second to none. Great bunch of professionals and we look forward working with them for the foreseeable future.
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