Bank "St. Petersburg" with the support of GlowByte automated the preparation of reports requested by the Central Bank

2024: Automation of reporting for the Central Bank

Bank Saint Petersburg with the support of IT the partner GlowByte , he automated the preparation of reports requested Bank of Russia as part of supervisory measures for the debt burden indicator (PDN) of individual clients. The Bank's specialists now receive data in the format requested by the Central Bank, through an interface - BI systems from a single base data stores. Hadoop GlowByte announced this on April 22, 2024.

The automatic process of assembling PDN reports according to the established schedule captures updated data without the participation of a specialist, followed by updating the reporting data in the BI system. This decision made it possible to reduce the time for preparing reports from two months to two days.

At the same time, the Hadoop-based data warehouse, introduced a few years earlier with the participation of GlowByte, provides the necessary level of reliability and data quality for the Central Bank's reporting.

In each credit institution, the issue of reporting to the regulator is always acute. Different banks solve this problem in different ways, but manual reporting remains the predominant tool of work. Our project with GlowByte to automate PDN reporting made it possible not only to save the resources of the Bank's specialists, but also to speed up the preparation process, "said Vitaly Tishin, Head of the Department for Support of Mass Products of Bank St. Petersburg.

{{quote 'In projects for our clients, we primarily focus on the practical significance of results for business. We are glad that the PDN reporting automation project brought significant benefits to the bank and that the created reports allow the bank not only to promptly provide high-quality data to the regulator, but also to carry out a systematic internal audit of the credit process, "said Ksenia Belousova, project curator from GlowByte. }}