JSH system was developed on the basis of the (No.49 2011) issued by SAFE, which requires financial institutions to report relevant FX internal account settlement data.
Solution
Following SAFE and financial institution regulation requirement, RIKING launched a FX Internal Account Settlement System (JSH) Solution, supporting banks to realize automatic and timely reporting.
This System can easily realize the automatic extraction of related data of financial institution banks’ foreign payment business. Through the use of advanced calculation methods, the realization of data standardization and accurate verification can be reached and e-report following SAFE’s rules and requirements can be generated.
Functions & Feathers
Complete Cross Verification
Instant cross verification with FX account information module to prevent misreporting.
Favorable Regulatory Analysis
Through many years’ acceptance and communication experience with SAFE, RIKING can deeply understand the requirements and significance of regulatory submission.
Efficient Data Collection
Multiple data collection from banks core business system.
Strict Data Verification
Multiple Verification during data adding, verifying and outputting.
Rich Feedback Handling Mechanism
Having automatic correlation function between feedback information and error information.
Management and Security Mechanism
Having detailed log management and password security strategy.
Business Optimization
Through the unified management of software, the operating cost and maintenance cost can be greatly reduced. The automatic processing process can replace the manual processing process, to improve users' work efficiency and guarantee the accuracy and standardization of data and reduce the error rate at the same time.
Meanwhile, we can help you optimize the regulatory reporting business process and update the system in accordance with the latest regulations issued by relevant regulatory authorities.
If you have business requirement for the above solutions, please directly call us to gain more information. We will offer customized service such as policy consultation, system development and technical support, etc.