iCAST Analytics

iCAST XBRL Risk Analytics

iCAST BPM is an AI/ML infused analytics solution that helps enterprises model, monitor, manage, and optimize their performance across multiple domains. It provides regulatory compliance reporting for banks and financial institutions, integrating enterprise data and offering actionable intelligence through AI and BI capabilities. The solution includes a suite of tools for XBRL reporting and supports standardized taxonomies like USGAAP, IFRS, and COREP. iCAST BPM is a powerful tool for financial enterprises, providing accurate insights and ensuring regulatory compliance. The XBRL suite within iCAST offers a range of tools such as the XBRL DB, XBRL Report Viewer, XBRL Editor, XBRL Version management function, and the XBRL Validation Engine. These tools enable enterprises to meet compliance requirements for regulatory reporting while also providing valuable insights wherever needed. The standardized taxonomies provided by iCAST XBRL Analytics suite are designed to meet global standards, including USGAAP, IFRS, and COREP. These taxonomies ensure that financial enterprises can comply with regulatory reporting requirements specific to their jurisdiction or country. Overall, iCAST BPM and its XBRL suite are comprehensive solutions for financial enterprises, offering the necessary tools and capabilities to ensure regulatory compliance and make informed decisions based on accurate data.

iCAST – An Enterprise-Class Compliance Management Solution-End to End

iCAST XBRL Risk Analytics is an enterprise-class compliance management solution that offers a comprehensive range of functionalities. Equipped with self service risk management analytics Scenario modelling & simulation and advanced information insights powered by AutoAI/ML and optimization capabilities, iCAST enables efficient utilization of inputs from Market, Credit, and Operational risk engines. The solution presents complex information in an actionable format, eliminating the need to sift through overwhelming statistics.

With iCAST, organizations can improve operational efficiency, reduce costs, and enhance profitability. The multi-tiered architecture ensures scalability to handle complex intelligence needs. Risk dashboards, aligned with BASEL III & Solvency II norms, provide valuable insights and serve as a powerful tool for executives.

Additionally, iCAST offers a user-friendly digital cockpit that consolidates essential risk-based KPIs, making it easy for financial institutions to access actionable intelligence and compliance outcomes. The solution combines innovative approaches and cutting-edge technology to deliver precise and state-of-the-art intelligence, empowering organizations to navigate uncertainties and stay ahead of the competition. With a phased adoption process and clearly measurable benefits, iCAST is an agile and effective solution for enterprises.

Challenges Faced by Organizations

Ensuring consistent data for filing purposes.

Maintaining traceability of data over time.

Managing ease of use and version control.

Leveraging XBRL data for valuable insights.

Mitigating risks through integrated data analysis.

Obtaining domain support for specific areas, such as Liquidity Management and Capital Allocation

Utilizing information assets to define and address key performance indicators (KRAs) for actionable outcomes.

Recognizing compliance as part of a larger framework, beyond mere regulatory requirements.

Going beyond XBRL and compliance to maximize the value of information assets.

Needing an easily implementable and adaptable solution across all departments.

iCAST – An Enterprise-Class Compliance Management Solution-End to End

Comprehensive Data Management: iCAST for XBRL boasts a robust database that incorporates an enterprise data model, ensuring data accuracy and completeness. The interconnectedness of data points, along with their relationships and dependencies, allows for precise and traceable XBRL reports

Adherence to Global Standards: By adopting global standards, iCAST ensures that data points are qualified and matured, enhancing the reliability and credibility of the XBRL reports.

Seamless Data Integration: With a highly robust data integration capability, iCAST can seamlessly consume data from various sources, including databases and flat files, facilitating a smooth and efficient data integration process.

Digital Automation: The suite of tools offered by iCAST enables organizations to achieve end-to-end digital automation of their XBRL needs. From data storage layers to validations, modifications, and version maintenance, iCAST eliminates the need for manual approaches, streamlining operations and increasing efficiency.

Enhanced Insights: By combining XBRL output with other data within the enterprise database, iCAST provides organizations with powerful insights and analysis. This includes risk cockpits for Credit Risks, Operational Risks, Market Risks, and Capital Adequacy Risk areas, empowering informed decision-making and actionable intelligence.

AI, ML, and Optimization Capabilities: iCAST leverages the power of Artificial Intelligence (AI), Machine Learning (ML), and optimization techniques to enhance the accuracy and maturity of risk cockpits. By aligning insights with real-world scenarios, organizations can effectively plan for the future with greater precision and safety.

Proactive Alerting Mechanism: iCAST incorporates a proactive alerting mechanism driven by events, AI, ML, and optimization. This ensures that intelligence is not merely reactive or post-mortem but actively identifies potential risks and opportunities, enabling organizations to stay one step ahead.

Easy Implementation: iCAST simplifies the implementation process with the provision of templates and robust data integration approaches. This reduces implementation time and effort, allowing organizations to quickly leverage the benefits of the system.

Tangible and Measurable Benefits: As a product, iCAST delivers tangible and measurable benefits that extend across multiple areas. Whether it's increased operational efficiency, improved risk management, or better decision-making, organizations can expect substantial returns on their investment in iCAST for XBRL.

For any queries, feel free to contact:

iCAST Analytics
4701 Patrick Henry Drive, Building: 23, Santa Clara, CA 95054
70 Polo Road, Great Neck, NY 11023, USA
Tel: +1 (805) 500-4366,
Fax: +1 (877) 788-3483
email: sales@iicast.com
website: www.icastbi.com

iCAST XBRL Risk Analytics

iCAST – An Enterprise-Class Compliance Management Solution-End to End

Challenges Faced by Organizations

iCAST – An Enterprise-Class Compliance Management Solution-End to End

For any queries, feel free to contact:

Shopping cart

No products in the cart.