FSCS SCV REGULATORY REPORTING SOLUTION
Transform FSCS Reporting from Burden to Breeze. Discover Automation
Gain flexibility with our automated FSCS SCV reporting solution SCV Forza, designed for financial institutions to meet regulatory demands efficiently.
Book a DemoThe 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 automated SCV reporting solution empowers financial institutions to meet FSCS regulatory demands efficiently.
An out-of-the-box SCV reporting solution automates your compliance process and maintains control over evolving regulatory requirements.
platform
- Microsoft SQL Server Integration Services (SSIS) ETL engine delivers high-performance data integration that can handle data up to 50 million records.
- Robust solution which reduces the data-related risks and meets the 24-hour deadline with utmost accuracy.
& Fulfilment
- Integrate with any core banking system or external data sources including legacy platforms or Excel-based data.
- Easily import the required data and identify the individuals and entities to be reported, including exclusion, effectiveness, and completeness reports.
Algorithms & Logics
- Eliminates the potential for human error by associating algorithms, formulae, and logic with predetermined business/process rules.
- Facilitates account/customer rule management, data enrichment and validation.
- Automated reconciliation at any time during the accounting period and a complete audit trail of all previous reconciliations.
Governance Framework
- Fully automated intelligent platform comes with Data mining, Data Cleaning, Data Enrichment and Reconciliation functionalities to help you understand and identify the gap in the current organisational data model with the regulatory expectations.
- Enhances the quality and richness of the data and generates complete, valid, consistent, and accurate SCV reports that enable businesses to automate and streamline data-driven decision-making.
SSIS based ETL platform
- Microsoft SQL Server Integration Services (SSIS) ETL engine delivers high-performance data integration that can handle data up to 50 million records.
- Robust solution which reduces the data-related risks and meets the 24-hour deadline with utmost accuracy.
Data Orchestration & Fulfilment
- Integrate with any core banking system or external data sources including legacy platforms or Excel-based data.
- Easily import the required data and identify the individuals and entities to be reported, including exclusion, effectiveness, and completeness reports.
AI-based Computing Algorithms & Logics
- Eliminates the potential for human error by associating algorithms, formulae, and logic with predetermined business/process rules.
- Facilitates account/customer rule management, data enrichment and validation.
- Automated reconciliation at any time during the accounting period and a complete audit trail of all previous reconciliations.
Defined Data Governance Framework
- Fully automated intelligent platform comes with Data mining, Data Cleaning, Data Enrichment and Reconciliation functionalities to help you understand and identify the gap in the current organisational data model with the regulatory expectations.
- Enhances the quality and richness of the data and generates complete, valid, consistent, and accurate SCV reports that enable businesses to automate and streamline data-driven decision-making.
Transform, automate, and streamline regulatory operations, end to end
Collect & Cleanse
Structure & Enrich
Validate & Transform
Audit & Screening
Communicate & Engage
Save Time and Eliminate Errors with SCV Forza, an Automated FSCS SCV Reporting Platform.
AI-based, fully automated data-driven compliance platform comes with automated calculations and electronic submissions to RegData, guarantees data accuracy and is fully FSCS compliant.
Extensive Audit reports
Data validation reporting to analyse reportable data and highlight any data formatting issues that conflict with the mandatory fields. Our exception reports would greatly support the financial institutions to update the inaccurate information before submission and submit the SCV output file with greater confidence.
Scalable / Future-proof
Periodical Central patch update on FSCS new findings and Rules and audit requirements changes. Quarterly auto update of new audit validations.
SME Consulting
The Business Consulting team offers support on the Governance and operational practices in the FSCS reporting landscape. Assistance to submit required documents as per the FSCS requirements.
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
Our Knowledge Base Resources
CASE STUDY
Beyond the Data Hurdles: A UK Bank's Journey to Flawless FSCS SCV Reporting with Macro Global
CASE STUDY
Our Regulatory Reporting Solution and Data Governance Support for Foreign Banks in the UK
CASE STUDY
Unlocking Data Accuracy & Security: Macro Global's Key to The UK Bank's SCV Reporting Success
WHITEPAPER
FSCS Regulatory Reporting on Cloud: Cloud Adoption of FIs
WHITEPAPER
Empower Credit Unions with a Data Management Edge: Mastering FSCS SCV Reporting with MG
WHITEPAPER
FSCS - SCV Reporting Challenges & Bottlenecks for Foreign Banks in the UK
BUSINESS CASE
Macro Global's SCV Approach and Implementation
BUSINESS CASE
Data Augmentation with Data Enrichment Process
BUSINESS CASE
Reconciliation support with CBS Data Reporting
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.
