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Streamlining management control activities and regulatory compliance at Banco Santander

Babel Business Inteligence Banco Santander. Detail of a graphic of a world map
  • DATA INTEGRATION
  • DATA QUALITY
  • DATAWAREHOUSE
  • DASHBOARDS
  • REPORTING
  • ANALYTICS
  • RDA

Accounting datawarehouse implementation.

+12 Months

+150 mm records

entered daily

Golden Source Accounting

A bank focused on the progress of people and businesses

Banco Santander is one of the leading financial institutions worldwide. Its model is based on three cornerstones: local scale and global scope, customer focus, and balanced diversification to ensure stable growth.

Banco Santander has always been concerned about the use of technologies as a key lever in its development.

  • Babel Business Inteligence Banco Santander. Detail of a graph with an upward curve
  • Babel Business Inteligence Banco Santander. Graphics detail
  • Babel Business Inteligence Banco Santander. Detail of graphs seen from a mobile
THE CHALLENGE

To have golden source accounting for both internal and regulatory control

Constant regulatory changes mean that financial institutions must have mechanisms capable of providing an agile response to bank regulators. From this viewpoint, the need for a single repository of information arises, which is the main source of both internal and external account reporting.

The need also arises for the solution to be replicated in the different countries where the company is present.

WHAT AND HOW WE DID IT

A single accounting datawarehouse

In response to the aforementioned demands, an accounting datawarehouse has been developed, consolidated as the golden source of the company, which can be adopted by the different banks subject to the principles for Risk Data Aggregation (RDA) of the Basel Committee. This adoption is possible because the datawarehouse is not dependent on a specific accounting management platform.

The tool provides a high level of traceability of accounting data, ranging from consolidated accounting balances to a level of disaggregation in terms of source contracts and operations.

Babel Business Inteligence Banco Santander. Panning of several hands with documents on a table

Our work speaks for us.

  1. 01

    A tool that simplifies control and reporting tasks

  2. 02

    Defining a data structure and accounting products

    that act as a framework of reference to banks.

  3. 03

    Improving operational control

    with traceability from balances to operations.

  4. 04

    A more efficient internal and regulatory reporting process

    by devoting less efforts into data analysis and interpreting.

  5. 05

    Ensuring regulatory compliance with current regulations

    and streamlining adaptation to new regulatory frameworks.

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