In September, the NFRA released [Unified Data Platform 2.0 (Trial Version)] (abbreviation: Unified Data Platformha 2.0), which expanded the pilot submission area on the basis of the original pilot submission scope, which means that the scope of trial submission institutions will be expanded one after another, and the speed of promotion has been significantly accelerated. Early planning and preparation can give banks more time to improve the quality of regulatory data. Unified Data Platform 2.0 has revised the content of the submission on the basis of the pilot version, and the submitted forms and data items have been continuously optimized and improved. The advancement of Unified Data Platformha means that the standardization of regulatory data is an important support for intelligent supervision and penetrating supervision.
Below, the editor will talk to you about what Unified Data Platformha is, its development process, content and method of submission.
What is Unified Data Platformha?
Unified Data Platformha is the regulator to promote the establishment of a unified regulatory data system, standardize the definition and caliber of regulatory data indicators, determine a unified business monitoring and data collection rules, pilot the establishment of a unified Unified Data Platformha regulatory data collection platform, and formulate Unified Data Platformha data standards, the standards include:
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Unified Data Platformha data collection interface standard: divided into detailed data, regulatory index data. The detailed categories are divided into 10 subject categories, 90 tables, and 2157 data items.
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Unified Data Platformha regulatory data business monitoring and data collection rules: 10 fields, 66 data tables, 1977 data items, determine the data collection rules from the subject detail data.
From the perspective of Unified Data Platformha data standards, detailed data is divided into subject detailed data and business field data, which can not only add up the data from the detailed to the total in layers, but also penetrate the data from the total to the detailed data layer by layer, so as to realize the flexible use of data and improve the efficiency of supervision.
Unified Data Platformha's development history
2020: Unified Data Platformha was released in 2020, and Zhejiang Province became the first batch of pilot areas, requiring the submission of subject detailed data, and officially opening the submission method of trial and research Unified Data Platformha.
2022: After 2 years of pilot and improvement, [Unified Data Platformha (pilot version)] will be released in 2022, and the pilot scope will be increased to CCB, and the data will be divided into 2 categories, namely detailed data (10 types of topics, 89 tables, 2070 data items), regulatory indicator data, and 10 new business field sector data and standard number rules for detailed data of corresponding topics.
2023: 6 pilot areas will be added, namely Liaoning, Shanghai, Jiangsu, Fujian, Chongqing, and Sichuan, and the new pilot banks include state-owned banks of industry, agriculture, China and communications, as well as postal savings, industrial and Zheshang banks, which will significantly accelerate the promotion of the pilot scope, and slightly adjust the forms and data items of detailed data to 90 tables and 2,157 data items.
Interpret the content of the Unified Data Platformha submission
Unified Data Platformha detailed data is divided into subject detailed data and business domain data.
The detailed data of the subject is divided into 10 types of topics, and the principle of topic division is close to that of the data warehouse topic, and the topics are divided according to the relevance and similarity of the data.
The business domain data is divided into 10 business areas, which are divided into topics according to business processes or business functions, which are similar to the themes of EAST5.0, and the topics of the business areas are more familiar to bank business personnel.
一、The content of detailed data submission
Submission data table of subject details:
The key points and changes are summarized as follows:
*The above new data table analysis is based on EAST5.0 form analysis
Banks do not need to submit 5.4 wealth management product business, 6.17 wealth management agreement, 8.10 wealth management product status, 8.16 customer wealth management product holding status, and 9.5 wealth management investment target form related to wealth management business.
二、The content of data reporting in the business field
From subject detail data to business domain data, Unified Data Platformha has formulated a standard number collection rule, the bank only needs to fill in the subject detail data, and the business domain data is automatically generated according to the standard logic, and the relationship between the two is that a business area report corresponds to multiple subject detail data tables.
Take the loan business area as an example:
The business areas are divided into 10 areas, which reflect the stock of the entire business and the full life cycle information related to transactions with the main business line, and the 10 business areas are as follows:
The reports under the business area are relatively close to the EAST form design, and the matching rate is about 60%-70% through the analysis and comparison of the two parties, and the reports covered under each business area are as follows:
三、Risk relationship with EAST, 1104 and customers
Unified Data Platformha data items cover the data items of EAST, customer risk, and 1104, and analyze the relationship between them from the following aspects:
1. Submission
There will be a certain parallel submission period, there is a unified supervision of the bazaar or data warehouse, and a high degree of automation can alleviate the pressure of submission.
2. Coincidence degree
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The matching degree with EAST data items is about 60%-70%, and both of them are reported as detailed data items, so it is easier to map the missing data items of the bank.
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Matching with 1104, through Unified Data Platformha data, it can generate basic business, comprehensive, and support development reports, but it is difficult to directly generate risk reports, such as Bar III and G25 reports. Unified Data Platformha includes more classification identifiers in 1104 statistical reports, such as non-repayment renewal loan identification, green loan identification, technology loan identification, etc., identification data items are the business dimension conditions in the statistical project indicators of the generation of 1104 reports, so the source data satisfaction directly affects the accuracy and completeness of the generation of 1104 reports. For banks that have established a regulatory data mart and applied it to various regulatory reports (EAST, 1104, customer risk, etc.), the regulatory data has been well integrated and applied, and the bank's regulatory bazaar has been improved according to Unified Data Platformha. For those who have not yet established a regulatory data mart, or have multiple regulatory bazaars, data integration and application need to go through a certain process, and the scheme needs to consider the parallel of daily reporting and verification and analysis of regulatory bazaars, and some banks choose to establish a unified regulatory bazaar based on Unified Data Platformha, and implement regulatory data quality monitoring and control to ensure the completeness, accuracy, and timeliness of data quality before generating various regulatory submission application data. EAST and other regulatory submissions are used to analyze and verify the application data, and then verify other types of regulatory submissions in batches, so as to realize the unified application of regulatory data, give full play to the efficiency of regulatory markets, and continuously improve data quality in the process of data application, data quality monitoring and control.
3. Cross-system verification
Unified Data Platformha data covers EAST, 1104, customer risk, and the construction of the verification platform is an important support. Among them, the verification between EAST, customer risk detail data reporting, and Unified Data Platformha is a direct correspondence verification of data items. With the 1104 verification, it is necessary to generate the index results of the 1104 statistical project and the 1104 statistical project verification through the Unified Data Platformha detailed data, and the difference analysis of the verification results is based on the detailed data of the two sides, and the root cause analysis and measure plan are important processes to improve the data quality of Unified Data Platformha.
四、Trusted Zone Reporting
Unified Data Platformha has innovatively requested the establishment of a trusted zone on the financial institution's side to provide data access services for the HKMA. The construction of the credible zone involves functional modules such as data storage, interface services, data processing, verification engine, data security, etc., to realize query services, task management, notification services, and file synchronization services in the process of interacting with the HKMA.
Unified Data Platformha's accelerated promotion pilot, more banks and financial institutions have begun to prepare for Unified Data Platformha data reporting, credibility zone construction, improving the quality of regulatory data is the primary task of Unified Data Platformha and is the top priority, especially the application of regulatory data should be launched as soon as possible for the application of regulatory data. Through the pilot situation of the bank in the early stage, the implementation plan should do the following:
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Pilot submission: establish the process mechanism, division of responsibilities and project plan for submission; Form business analysis, business logic, and technical logic documents, and complete the automatic data retrieval, verification, and data review processes.
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Data application: Unified Data Platformha generates EAST, 1104, customer risk data, and completes application analysis, comparison results, root cause analysis, and formulation of action plans.
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Trusted zone construction: Establish credible zone according to the requirements of NFRA standard specifications, allow functional scalability, and gradually improve the construction of credible zone.
RIKING Unified Data PlatformHA SOLUTION
The design goal of RIKING's Unified Data Platformha solution is to realize the whole process management from the upstream business system to the Unified Data Platformha topic layer and then to the Unified Data Platformha business domain layer. It can help financial institutions improve data quality and ensure compliant reporting of regulatory data. In addition, the solution reduces financial institutions' regulatory compliance risks and improves the timeliness, completeness and accuracy of data submissions.
Through RIKING's Unified Data Platformha submission solution, financial institutions can better comply with the requirements of national regulators for data reporting, ensuring data accuracy and compliance. This will help financial institutions improve their regulatory compliance while improving the quality and credibility of regulatory data.
RIKING Unified Data Platformha platform architecture diagram
Features:
Convenient operation in multiple scenarios
The data processing process supports personalized configuration, and different business scenarios can establish their own data supplementation and review systems.
The configuration of verification rules is flexible, and users can quickly configure verification rules according to the business needs of the bank or the requirements of special regulatory data governance.
Data supplementation can be customized according to user business needs, support the adjustment of data coverage and coverage methods, and support the principle of data synchronization and sharing in multiple places in one place.
All-round monitoring
It includes monitoring the progress of supplementation, checking quality, monitoring the null rate of fields, and monitoring reporting tasks. Through real-time monitoring and early warnings, data-related anomalies can be detected and resolved in a timely manner.
Multi-dimensional statistical analysis
It supports visual indicator analysis of reports, and provides detailed analysis reports on indicators and data details. In addition, data quality and data verification analysis reports can be generated based on the verification results and null rate statistics of Unified Data Platformha data to help users gain an in-depth understanding of data quality.
Complete calibration system
Verification functions include multiple dimensions, such as intra-table, inter-table, inter-period, cross-system, total score, and packets. Users can make personalized configurations according to their own conditions, business characteristics and system configuration in the industry to meet different verification requirements.
Scalability
Based on the Unified Data Platformha model, the solution supports the expansion of the generation of in-line custom reports or other regulatory reports to meet the further data reporting and statistical needs of users.
Contact Us
RIKING Digital Technology (Shanghai) Co., Ltd. is a well-known financial supervision and compliance software solution provider in the financial industry. Founded in August 2013, it has been deeply engaged in the field of regulatory technology for more than 10 years, providing one-stop regulatory compliance consulting and software solutions covering the whole process of regulatory data governance, data mart, risk and compliance management, credit investigation, anti-money laundering and liquidity risk control for the world's leading financial institutions.Tel:400 921 0806.
