Insurance & Banking Reporting Architecture

IBRA – Innovation In Regulatory Reporting
Logica’s Insurance and Banking Reporting Architecture (IBRA ) is our solution for financial institutions facing the increased frequency and complexity of the reporting demanded today by regulators. It solves the reporting issues you face daily. Embodying more than 25 years experience and understanding of regulatory reporting, it does so intelligently.

IBRA has an innovative architecture. Its framework product has the common functionality needed for a regulatory reporting solution, separated from its discrete reporting functionality that is supplied as metadata.

The metadata configures and ‘drives’ the behaviour of the framework product, delivering the required reports to the desktop. This means that the implementation of changes in the reporting requirements is separated from new releases of the framework software. In short it is simpler and quicker for you to complete. It is also easier and quicker for us to develop new reports and maintain existing ones.

Key benefits

  • Multi-jurisdictional solution capable of delivering regulatory returns for any market and regulator.
  • Fully-automated workflow with intelligent exception-handling capabilities
  • Innovative architecture supporting the separation of the framework product from the delivery of reporting functionality for faster responses to reporting changes and simplifying implementations
  • Full traceability of processing steps and transparency of intermediate results to give users full confidence in the accuracy of the calculations
  • High performance & scalability – capable of processing over 100 million transactions per day

Logica has unparalleled experience in regulatory reporting, having provided solutions to the finance sector since 1986 when we were the first supplier to offer a product to meet the Bank of England’s reporting requirements. Today over 650 clients rely on Logica’s regulatory reporting solutions, including more than half of the top 30 financial institutions in the world, including names such as The Lloyds Banking Group and Societe Generale.

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