Retail Banking Regulations
A regulatory project to respond to Spanish Royal Decree-Law 19/2017, on basic payment accounts, transfer of payment accounts and comparability of commissions, for customers to be able to compare products more easily and move within the Union, benefiting from an internal market in the financial services field. This directive is intended to
-
Make access to basic banking services easier for potential customers -
Improve the transparency and comparability of commissions applied to payment accounts -
Improve the transfer of payment accounts
The objective is “to establish common rules of the game for all credit institutions and payment service providers”.
We participated in the process of setting the functional requirements in terms of the products affected, customers (natural persons), level of application (at the “account” level) to ensure proper project execution. With that starting point, we carried out the analysis of the entity’s information platform to determine how to extract the information necessary for the report, requesting the necessary information that does not exist at source. To ensure that the information is correct and necessary for the report, sampling or sets of information specimens are taken with the users.
In the project context, the transformation is also modelled and implemented in PowerCenter, for development of the modelling processes to enable the commercial product, customer, commissions associated with each product in the application period, interest charged and paid, interest rates to be obtained, as well as the loading and extraction of information that is not on the platform. Our team creates final tables and defines the output and reporting structure.
To ensure the performance of the developments, a recovery of the entire volume of information associated with an account (several customers associated with it) in one year needs to be addressed. Similarly included within the scope of the collaboration are the necessary technical and functional documentation for the developments, the execution of comprehensive testing, test documentation and troubleshooting.
Transfer of the information is carried out by consolidating the information obtained and it is loaded in final tables, downloading information from final table to flat file for transfer. Exploitation of the information is finalised in MicroStrategy with availability of information detail for customer queries, as well as the creation of reports for exploitation of the information in reporting.
SUCCESS STORIES
Quality of insurance information data
Our client is a major financial institution with presence mainly in Europe and America; among the three largest insurers in the market in Mexico and also a leader in the regions where it operates. It has undertaken a digital transformation…
Leading multinational in beverage sales and distribution
Optimisation of Supply Chain processes.Our client is a Mexican multinational leader in the beverage sales and distribution sector, with a major establishment in America and recently acquired by a US group. In its continual optimisation process, it has embarked on…
MULTI-BRAND NDWH
mong the emerging operators in the telecommunications business, there has been an initiative that allows a single entity to integrate several commercial brands, integrating the processes common to all of them and making them as efficient as possible.So, for the…
Unified Data warehouse
The telecommunications sector has always been a very dynamic sector. In this sense, they have always had an urgent need to analyze their information in a convergent and unique way.To this end, an agile end-to-end collaboration has been consolidated with…
Global model of banking supervision
Banks must meet a growing volume of complex and granular reporting requirements. The methods used to collect reporting data are not fully harmonized, often leading to redundancies, overlaps, and inconsistencies in the resulting data sets. In this context there is…
Corporate banking market supplier information
Within our context as a benchmark technology partner in the Data field in the Corporate Investment Banking area for one of the leading Spanish financial institutions operating in the principal markets globally; a collaborative technology approach is being developed to…
Investment and Corporate Banking Regulations
In this field, we are involved in major Big Data lake developments, where the main users are the regulatory and risk departments associated with the growing need in the area to comply with the various standards and regulatory frameworks demanded…
PSD2 regulations
PSD2 is a European regulation on digital payment services. This system facilitates payments throughout Europe with greater security as well as offering a banking service adapted to new technologies. With it, the importance that the world of ‘APIS’ or ‘Application…
Retail Banking Regulations
Proyecto regulatorio para dar respuesta al Real Decreto-ley 19/2017, de cuentas de pago básicas, traslado de cuentas de pago y comparabilidad de comisiones, los clientes podrán comparar productos más fácilmente y moverse dentro de la Unión, beneficiándose de un mercado…
Virtual remote desktop
Because there is no integrated CRM for corporate banking that contains customer data, opportunities, visits and all customer relationship information, this generates the need for this project with the aim of providing global multi-entity coverage.Bluetab is developing the part corresponding…
Omnichannel infrastructure
A Spanish multinational banking group asked us to provide its various group entities with an infrastructure with the necessary data to construct its customer’s “journey”. This solution will make it possible to analyse the customer journey from start to finish, i.e.…
360° customer vision model
We are the primary Big Data platform partner to one of the leading global financial institutions in technology. In the framework of our collaboration, the various group entities are provided with an infrastructure with the data necessary to build the…
Information system exploitation and reporting
One of the leading Financial Institutions in the Spanish domestic market decided to perform a split of the services of its new information platform with the aim of ensuring technical-functional understanding of the various layers, as well as to ensure…
Utilities sector Data Lake
Within the digital transformation process, the option was taken to build a Data Lake to serve various departments in a cross-cutting manner.Bluetab has developed a Data Lake in AWS for a leading Spanish energy companies, which gets its data from…