Bank of America NA, India has selected iCreate’s Biz$core RBI Automated Data Flow (ADF) Solution as a key component of the bank’s Regulatory Reporting strategy for India.
Bank of America sought a solution to help address RBI’s ADF compliance directive by enabling automation of the various regulatory returns that the bank submits to RBI. The solution had to integrate seamlessly with the bank’s data repository and enable a straight through processing of the returns from the data repository. The solution had to be designed for quick implementation.
This announcement comes even as prominent Indian banks such as HDFC Bank, IndusInd Bank and Dhanlaxmi Bank are currently implementing iCreate's Biz$core Automated Data Flow solution.
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