GOAML XML Reporting
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GOAML XML Reporting
ISTL, in partnership with IDBI Intech, provides the tool to enable financial institutions prepare, generate & review Cash Transaction Report (CTR) & Suspicious Transaction/Activity Report (STR/SAR) for submission in XML format as mandated by FRC.
The XML report generated is in compliance with the POCAMLA regulatory reporting requirements for upload to the FRC portal without errors.
The GoAML solution will provide the following benefits to financial institutions:
- Automated fetching of transactional data from the bank’s core banking system.
- Generate & Review CTR, STR/SAR reports in XML format before submission to FRC.
- XML report generated from the GoAML application will have the same fields as FRC portal to avoid errors when uploading.
- Upload supporting documents in multiple formats.
- Download the XML file (a single report)/ ZIP file (with multiple reports) from the GoAML application.
- Compliance with the new POCAMLA regulatory reporting requirements (in XML format).
Some of the GoAML solution customers include:
- IDBI Bank
- Indian Bank
- Allahabad Bank