Financial Institution Data
Disparate, inconsistent, different teams, different systems
FIRE - Regulatory Concepts
Efficient, Accurate, Complete, Auditable
Single Source of truth
Thanks to the Basel Committee’s global prudential standards, financial regulatory concepts across the world are relatively uniform. FIRE draws upon these concepts by building their representations in legislation in the EU, the UK, Singapore, the US, and elsewhere into the data standard. As a result, concepts in FIRE can be used across different jurisdictions. Whether FIRE is being expanded to a new jurisdiction or a financial institution is opening a new office, the scalability of FIRE ensures that new requirements can be met easily.