Automated Compliance Reporting
Reducing regulatory reporting time by 90% for a credit union
The Challenge
A credit union with $450M in assets was spending 40 hours monthly on regulatory compliance reporting. Two compliance officers manually extracted data from multiple systems (core banking, loan origination, card processing), reconciled figures in spreadsheets, and compiled reports for NCUA, FFIEC, and other regulators. The manual process was error-prone, stressful during reporting deadlines, and prevented the compliance team from focusing on strategic risk management activities.
Our Solution
Automated Data Extraction
Built ETL pipelines to automatically extract required data from all source systems nightly
Report Generation Engine
Created templates for all required regulatory reports with automated population from data warehouse
Validation Rules
Implemented automated data quality checks and reconciliation to catch errors before submission
Audit Trail
Built comprehensive audit logging showing data lineage and all report modifications
Results
- Reporting time reduced from 40 hours to 4 hours monthly (90% reduction)
- Data reconciliation errors eliminated through automated validation
- Reports now ready 5 days before deadlines instead of scrambling last-minute
- Passed 3 regulatory examinations with zero reporting findings
- Compliance team now focused on risk analysis and strategic initiatives
Technologies Used
"This automation has been transformative. We're no longer drowning in spreadsheets during reporting season, and our reports are more accurate than ever."
— Chief Compliance Officer, Florida Credit Union
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