Transcript Banking

Business and Information
Technology Working Together
for the Regulator
Stephen Hord, Director of Product Development – UBmatrix
About Me – Steve Hord
 Director Of Product Development – UBMatrix
 12 + years in the Technology Industry
 Adobe – Print Publishing and PDF teams
 Online Travel Solutions Travelport -> Orbitz
 XML and Rules Engines
 2 + years at UBmatrix
 Managed UBMatrix FFIEC Solution
 Oversee Development of Solutions for Regulators
Slide 2
Most Recent eBay Purchase
1967 Moto Guzzi V7
Slide 3
Introduction
The Goal of XBRL in the Regulatory
Environment
Slide 4
The Goal of XBRL in the Regulatory Environment
Easier and Faster Data Collection and Publishing
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Electronic Forms and Documentation
Electronic Validation (Consistency Across Forms)
Offline Access to Presentation (Forms) and PreValidation of Aceptance Rules
Historic Reference (prior period data)
Slide 5
The Goal of XBRL in the Regulatory Environment
Reduce Risk in Regulated Industries
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Reduce reporting irregularities from human error
Consistent collection of data across industries and
segments
Automated Analysis
Faster Data Publishing
Slide 6
How Do I Implement XBRL
The Analyst and the Information Professional
Slide 7
How Do I Do It
Today's Systems
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Often Forms Driven (Maybe Paper)
Duplicated/Inconsistent Definitions Across Forms
Programmatic Validation Rule
Hard coded Collection Cycles
Tomorrows Systems
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Data Driven Collection
Validation Workflow Driven by the Data
XBRL Ensures Consistent Models
Re-use Data in Multiple Presentations
Slide 8
How Do I Do It
Analysts focus on the content
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Focus on the data not the forms
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Separate data from presentation
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Enforce consistency across your forms
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Ensure comparability
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Collect supporting data to ensure validity
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Publish your rules - not your analysis
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Private Rules for internal Use
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Public Rules for Document Validation
Slide 9
How Do I Do It
Analysts focus on the content
 Create Reportability Rules
 Encode your instructions in Business Rules
 Reduce Respondent workload from reporting the
wrong forms
 If Assets < 100M
Slide 10
How Do I Do IT
IT professionals focus on workflow/collection
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Put flexible tools in the hands of the Business
Analyst
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Don’t require a programmer to change a form,
presentation, or validation rule
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Allow for new reporting segments without new
code
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Small banks report quarterly/Big banks
monthly (or by rating etc)
Slide 11
How Do I Do It
Information Architect
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Put as much content into the message as
possible - XBRL is the message
Enforce change control and versioning on the
content – Taxonomies have a Development Life
Cycle and Require Project Management
Design for Content Driven Workflow
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Use Message Queue
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Flexible Storage
Slide 12
Measure Your Success
Key Attributes of a good XBRL System
Slide 13
Success Criteria
Key Attributes of a Good XBRL System
 Well Defined Content
 Data Elements are defined, documented and
Standardized
 Business rules support Data Validation
 If you have Forms they are part of the Taxonomy
 Reporting Rules Driven Client Software
 Automated Acceptance Workflow
 Off-line Validation
 Workflow Driven by the Contents
Slide 14
Success Criteria
Cost savings to the analyst
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Reduced busy work
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Increased analyst productivity
Cost savings to the IT dept
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Faster data publishing
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No retooling for new data/forms/rules
Cost Savings to the Respondent
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Real-time Acceptance and Validation
Slide 15
Wrap up
 Separate the content of what you collect from the
way you collect it
 Analysts focus on the Content
 Data model, Rules, Presentation
 IT Professional focus on the Collection
 Messages and Workflow
Slide 16
XBRL Product Development Cycle
Automated process
Meet deadlines
Taxonomy
Focus on Enhancements
Time: 1 Hour
FormBuilder
Automated processes
Quick checklist review
QA
Banks
Minimal verification
Release
Slide 17
Sample Taxonomy
Slide 18
Sample Form Presentation
Slide 19
Sample GUI
HTML GUI file added into FormBuilder
Slide 20
Contact Information
Steve Hord
UBmatrix
(425) 285-0200
[email protected]
www.ubmatrix.com
Mark Fahlsing
Jack Henry & Associates
(888) 345-4649
[email protected]
www.jackhenry.com
Slide 21