IRIS iDEAL® is a resolution and prudential reporting platform that investment firms under the Markets in Financial Instruments Directive II (MiFID II) can use to file high volumes of granular data with the regulator. The platform will be used by companies filing with the FCA under the Investment Firms Prudential Regime (IFPR).
Features to Simplify IFPR Reporting
Data Extraction Capabilities
IRIS iDeal® can extract data from multiple source systems and file formats. It can convert the extracted data into XBRL for regulatory reporting purposes.
Integrated Validations
The platform allows data to be validated against XBRL rules. It also makes room for custom validations based on a reporting entity’s internal rules, prior to the XBRL conversion.
XBRL-Tagging Capabilities
The platform facilitates intuitive XBRL tagging. It displays the applicable taxonomy and allows users to map extracted source data elements with a simple drag and drop operation.
Automated Scheduling
IRIS iDeal® allows users to automatically schedule XBRL generation. The scheduling is done with minimal human intervention. There is no need to manually extract and process data.
Email Notifications
IRIS iDEAL® triggers automated emails to authorized users, informing them of XBRL instance generation schedules. In spite of automated scheduling, the platform keeps users informed.
Audit Trails
The platform tracks the operations of users accessing the application for compliance purposes. Users can seek audit trails of their various interactions with the platform.
Unparalleled Experience In Regulatory Reporting
Fin-X Solutions® has been in the regulatory compliance space for close to two decades now. We have been working with XBRL almost since when the format was introduced. So, you can trust our expertise with XBRL-based compliance.
Our solutions are used in over 40 countries and our clients include securities commissions, central banks, stock exchanges, business registries, public and private companies, mutual funds, and others. We call ourselves XBRL evangelists because we do more than just implement XBRL. We help the format evolve!
Unparalleled Experience In Regulatory Reporting
Fin-X Solutions® has been in the regulatory compliance space for close to two decades now. We have been working with XBRL almost since when the format was introduced. So, you can trust our expertise with XBRL-based compliance.
Our solutions are used in over 40 countries and our clients include securities commissions, central banks, stock exchanges, business registries, public and private companies, mutual funds, and others. We call ourselves XBRL evangelists because we do more than just implement XBRL. We help the format evolve!
350+
XBRL Professionals
5 Mn+
Companies
17+
Years of Experience
Why IRIS iDEAL for IFPR Reporting?
IRIS iDEAL® has been meeting the regulatory compliance needs of over 50 banks, credit institutions and investment firms worldwide for over a decade.
The SaaS solution can seamlessly integrate with your existing data ecosystem to generate highly accurate and high-quality XBRL reports. It can also validate your reports in accordance with regulator defined business rules and data validations.
Why IRIS iDEAL for IFPR Reporting?
IRIS iDEAL® has been meeting the regulatory compliance needs of over 50 banks, credit institutions and investment firms worldwide for over a decade.
The SaaS solution can seamlessly integrate with your existing data ecosystem to generate highly accurate and high-quality XBRL reports. It can also validate your reports in accordance with regulator defined business rules and data validations.
Source Systems Integration
High-Quality Prudential Data
Flexible With Rule Changes
Supports Multiple Mandates
