Simplifying Compliance: How Parameterized CBS Features Ease Regulatory Reporting
For cooperative societies, compliance is not just an obligation—it is the foundation of trust and continuity. Parameterized CBS for regulatory compliance enables institutions to respond to registrar and cooperative department requirements without operational disruption.
However, regulatory frameworks are not static. Rules related to asset classification, reporting formats, risk assessment, KYC norms, and audit requirements are frequently updated. For institutions operating on rigid or legacy Core Banking Systems (CBS), every regulatory change often triggers manual interventions, system workarounds, or expensive software modifications.
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