Leading UK Building Society Transforms Regulatory Compliance
Background
As a trusted financial institution, the building society provides mortgage and savings products while adhering to strict PRA regulatory requirements. Its previous risk management system lacked dedicated regulatory reporting functions, leading to inefficiencies and operational strain.
The Challenge
Meeting regulatory obligations became increasingly complex due to:
- Incomplete reporting coverage – The existing system did not support all UK regulatory reports, requiring manual workarounds.
- Manual processes – Reporting relied heavily on spreadsheets, increasing the risk of errors and consuming valuable resources.
- Limited traceability – A lack of visibility made verifying data accuracy and maintaining audit trails difficult.
- High compliance costs – Inefficiencies and reliance on additional resources drove up operational expenses.
The institution needed a purpose-built solution to automate reporting, enhance accuracy, and improve efficiency.
The Solution
After evaluating options, the building society selected Suade for:
- Comprehensive reporting coverage – Full support for UK regulatory reports and Bank of England statistical requirements.
- Automated calculations & validations – Reducing manual work and improving data accuracy.
- Direct regulator submissions – Seamless integration with RegData for efficient compliance.
- Auditability & transparency – Full traceability, giving management confidence in reported figures.
- Operational efficiency – A cost-effective solution that reduced compliance overhead.
The Results
With Suade, the building society achieved:
- 100% regulatory report coverage, eliminating reliance on spreadsheets.
- Lower compliance costs by reducing dependency on external services.
- Greater confidence in reporting with full auditability, enhancing data integrity.
- A future-proof infrastructure, ensuring adaptability to regulatory changes.
Client testimonial
Suade has revolutionised our regulatory reporting. The automation, accuracy, and full auditability have given us confidence in every submission while significantly improving operational efficiency.
How Suade Can Help
Suade provides end-to-end automation of regulatory reporting for financial institutions, ensuring compliance with evolving global standards. Our platform streamlines reporting, reduces manual processes, and enhances data accuracy.
With increasing regulatory demands such as Basel III, PRA, and EBA requirements, banks need a scalable solution that eliminates inefficiencies and strengthens risk control. Suade delivers a seamless, automated approach to compliance, trusted by financial institutions worldwide.
Book a demo to see how Suade can transform your regulatory reporting and keep your organisation ahead of regulatory change.
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