Solution

Why GREG

As of 2017 there are 200 regulatory revisions to keep track of daily.
Regulatory fines exceeding 320 Billion $ have been issued since 2008.

According to 2017 Deloitte Luxembourg Report

Current situation

Regulators are increasingly wary of the way how financial institutions handle their data and resulting accuracy of asset valuations, provisions and economic capital.

Most organizations have hastily implemented technology solutions for new regulatory requirements like BCBS 239, IFRS 9 and others in the past three years.

Those solutions are “first generation” of Risk Data Analytics and Capital Requirements tools that allowed financial institutions to achieve “good enough” compliance but struggle with issues like high maintenance costs, inflexibility to adjust to new regulations and a lack of ability to perform changes by the users.

GReg

The GReg team with an average experience of 12 years in data, technology and risk regulatory topics has built a Regulatory Solution for financial institutions. After 4 years of experience and improvements the result is a product built on standard technology components that:

  • Puts the users in control of the entire regulatory reporting cycle
  • Offers a robust data audit process
  • Advanced analytics and Visualization modules
  • The solution offers the infrastructure to apply BCBS 239 rules
  • Best practice implementation takes 2 months while new functionality sprint typically take 3-4 weeks

GReg surpasses competitive solutions in breadth of functionality, flexibility and low maintenance costs. A Proof of Concept can be deployed at customer premises within 2 weeks.

GREG Modules

XBRL

Validation

Collateral Optimization

Dashboard / Analytics









  • XBRL
  • Validation
  • Optimization
  • Dashboard
  • XBRL
  • Validation
  • Optimization
  • Dashboard

  • XBRL
  • Validation
  • Optimization
  • Dashboard


  • XBRL
  • Validation
  • Optimization
  • Dashboard


  • XBRL
  • Validation
  • Optimization
  • Dashboard

  • XBRL
  • Validation
  • Optimization
  • Dashboard

  • XBRL
  • Validation
  • Optimization
  • Dashboard

All versions are offered as a service or license-based


Technology-Stack

Full Microsoft BI stack               

  • Microsoft is the only vendor in the Gartner’s magic quadrant in all data and bi relevant fields (BI, ETL, DWH, Database, Analytics)
  • Since 2016 Microsoft supports inline Python and R for advanced analytics
  • Removes the necessity to license ancillary products like Tableau, DataStage, ODI, etc

Full open source stack for real time GREG, G1

  • Apache Kafka is an open-source stream-processing software platform.The project aims to provide a unified, high-throughput, low-latency platform for handling real-time data feeds
  • Apache Flink is an open source stream processing framework.Flink executes arbitrary dataflow programs in a data-parallel and pipelined manner
  • Elastic Stack is a group of open source products from Elastic designed to help users take data from any type of source and in any format and search, analyze, and visualize that data in real time

Very flexible architecture which allows the platform to adapt fast to new regulatory and management requirements
Calculation, validations, reporting are based fully on web editable rule tables
Modular and extensible

High Level Security
Top notch security on 3 levels, Physical, Infrastructure and Solution

  • Highly secure 256-bit AES-GCM encryption on servers, mobile apps and desktop clients
  • Highly secure 256-bit SSL/TLS encryption during data transmission
  • PKI infrastructure for maximum security
  • PKI infrastructure for maximum security
  • External security audits of our application and infrastructure, penetration testing, white hacking ext.
  • Hosting in highly available ISO 27001- Certified Datacenters in Britain, France, Germany, Austria, Switzerland and Luxembourg or on Premises.
  • Two-factor authentication to prevent social engineering attacks,full logging and audit trial on edits/delete/read/view .
  • Encryption of database and file system
  • Restrictively configured firewall
  • Stringent provider and administrator shielding

Data and solution security
Prerequisites for the cloud

Availability
  • Service and data Availability is guaranteed using Microsoft high availability technologies
  • All important cloud providers offer high available and mission critical solutions for Microsoft stack
Authenticity
  • Service is delivered to the right user is guaranteed by supporting any mean of identity management and strong authentication
  • Advanced right management mechanism on field level, full log with original and resulting values is stored and can be published to log management solutions
Integrity
  • 200+ Rule based validation of the data integrity are supported
  • Every edit and change is logged with timestamp, use, original value and resulting value
Confidentiality
  • Sensitive customer data can be encrypted
  • Microsoft SQL server platform overs many db level to guarantee confidentiality

Cloud Considerations

Keeping your data confidential by design

  • Although the 4 pillars are of equal importance, GReg’s focus in on confidentiality due to the prevalence of data loss in financial and personal areas
  • GReg is continuously reviewed for potential threats
    • Internal data loss
    • External hacking
    • Securing data in case of hardware theft
    • Unapproved administrator access
  • Tools that can be used in addition are: sensitive data encryption, personal and bank data anonymization

Cloud and Database Protection

  • Microsoft and other big vendors know that security is a big concern for data systems
  • They create built-in solutions such as:
    • Password controls
    • Data access based on roles and profiles
    • IP restrictions for off-site access
    • Auditing capabilities of who has run what reports
    • Security logging
  • Central log management integration
  • Identity management integration
  • Strong authentication

Our Partners

Break free. Disrupt. The revolution starts here!


GREG is growing thanks to friends and experts who know the need for advanced analytics. Alpha Zetta has been there to help us with its 600 Experts and growing global network. Together since day one, with a brilliant business model built over the principals of integrity and agility, AlphaZetta has helped to strengthen our ability to serve better our clients globally

Rajah Blue Holdings Pte Ltd invests in and supports a diverse range of businesses.

GREG is honored to have the support of Rajah Blue Holdings, one of the brightest Venture Capitalist Firms headquartered in Singapore who has helped in their global expansion brands such as Knowesis, Alpha Zetta, Volt Bank, and many others. Starting with 2019 we will be working closely together in the Asian and Middle East Expansion

The SaaS Banking Engine

GREG is partnering with Mambu to help for analytics and reporting, the core banking system used by some of the greatest fintechs and neo banks of the moment, N26, Mynt, Ferratum, Globe and hundreds of others

Break free. Disrupt. The revolution starts here!

Rajah Blue Holdings Pte Ltd invests in and supports a diverse range of businesses.

The SaaS Banking Engine

GREG is growing thanks to friends and experts who know the need for advanced analytics. Alpha Zetta has been there to help us with its 600 Experts and growing global network. Together since day one, with a brilliant business model built over the principals of integrity and agility, AlphaZetta has helped to strengthen our ability to serve better our clients globally

GREG is honored to have the support of Rajah Blue Holdings, one of the brightest Venture Capitalist Firms headquartered in Singapore who has helped in their global expansion brands such as Knowesis, Alpha Zetta, Volt Bank, and many others. Starting with 2019 we will be working closely together in the Asian and Middle East Expansion

GREG is partnering with Mambu to help for analytics and reporting, the core banking system used by some of the greatest fintechs and neo banks of the moment, N26, Mynt, Ferratum, Globe and hundreds of others

Best Practice Timeline How we work

GReg’s References and Presence

GReg currently has eight live (production) reference implementations. At the reference’s customer discretion we shall be able to arrange for a reference call or visit in order to discuss a first hand experience with GReg, e.g. with






Western Europe
  • One Tier 3 bank in Luxembourg, status: PoC delivered
Central Europe
  • One Tier 3 bank, status: live
  • Seven Tier 4 banks, status: live

We are constantly hiringJoin Us

Software Developers

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Project Managers

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Business Analysts

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GReg - Regulatory Reporting Made Easy and Beautiful


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