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Follow on Google News | Fintellix Launches Singapore OperationsSpeaking on the occasion, Fintellix CEO Vivek Subramanyam said, “With banking regulators globally and locally in hyperactive mode, banks worldwide including in Singapore, definitely have a felt need for smarter regulatory compliance systems. I believe the launch of our Singapore operations is an opportunity to work even more closely with our customers. I am confident that Fintellix will help address some of the complex and dynamic regulatory compliance challenges of Singapore's progressive banking sector, given our extensive experience in activating intelligent regulatory compliance ecosystems in banks worldwide.” Since regulatory compliance is about complex Data management (more than the actual reporting), Data management and its central role in delivering trusted data that regulators can rely on, becomes paramount. Fintellix tracks global compliance trends to extract common themes and incorporates them in its data platform in advance, for instance Fintellix’s foresight for the Reserve Bank of India’s Automated Data Flow and BCBS 239 well before the regulators published the papers. Moreover, clean data is the bedrock of regulatory compliance and each compliance initiative must leverage a common platform of clean, unified data. Another critical component of Fintellix’s platform is SEMI (Single Extraction; Multiple Implementation) Very recently, Fintellix together with EY, Cognizant and NCS, had conducted a briefing for senior bankers to examine the impact of proposed changes in the Monetary Authority of Singapore’s reporting guidelines. The briefing had also demonstrated the advantage of ‘future-proofing’ About Fintellix Solutions (formerly iCreate) Headquartered in Bangalore, India and with offices in Mumbai, Manila, Johannesburg, Dubai and New York, Fintellix is a leading Compliance, Risk & Analytics (CRA) Products and Solutions provider for the global Financial Services industry. Fintellix's Banking solutions are available for on-premises implementations as well as provisioning from a Regional Cloud Infrastructure. Fintellix is currently active in India, US, Europe, Middle-East, Africa and South East Asia; and has some of the Global Top 50 Banks and leading Global/ Regional banks as clients. www.fintellix.com End
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