Meeting the IRRBB Reporting Requirements the Straightforward Way
The IRRBB reporting requirements took effect on 30 September 2024. They present banks and financial institutions with considerable challenges, calling for detailed, regular reports along with accurate data processing and thorough compliance.
Our solution: innus.IRRBB
Given the detailed and regular reporting obligations, the need for accurate data processing and the breadth of the compliance requirements, financial institutions need a modern and efficient solution. A dedicated solution such as innus.IRRBB provides the support needed to meet the requirements and to improve internal processes at the same time.
The benefits of a cloud-based architecture
innus.IRRBB is entirely cloud-based and requires no technical integration into your existing infrastructure. This allows the system to be deployed quickly, particularly where BAIS is in use. It runs as software as a service in a German private cloud, in an audit-compliant environment.
Automated data processing and reporting
The solution automates the calculation, processing and reporting of the required data. This reduces errors and makes accurate, on-time reporting possible. Pre-configured stress scenarios, together with the option of adding a bank's own scenarios, offer additional flexibility.
Extended functionality for risk controlling
The extended risk controlling functions allow banks to make well-founded decisions and to refine their risk management strategies, which makes day-to-day business more sustainable and more secure.
An efficient pricing model
The pricing model for innus.IRRBB is designed to be efficient: banks pay only for the functions they actually need. The monthly fee covers all features, generation of the BAIS import file and future adjustments to reporting formats.
What makes innus.IRRBB work
Time saved: quick implementation and automation considerably reduce manual effort.
Cost efficiency: banks pay only for the functions they actually need.
Fewer errors: automated processes produce accurate, on-time reports.
Compliance covered: high security standards, operated in an audit-compliant German private cloud.
Flexibility and scalability: adaptable to a bank's individual requirements and growth plans.
Security and compliance
innus.IRRBB maintains high security standards, including two-factor authentication, along with continuous monitoring. Advanced security technology protects data integrity and guards against cyberattacks.
Implementation and integration
The system is ready to use and requires no additional technical integration. Where BAIS is in use, implementation is possible within five to ten days, which saves valuable time and resources.
Why innus.IRRBB is the right choice
With innus.IRRBB, financial institutions are well equipped to meet the IRRBB reporting requirements efficiently and cost-effectively. Our cloud-based, secure and flexible solution supports compliance with the regulatory requirements and helps improve internal processes at the same time.
Find out more about our solution and how it can help your institution meet the IRRBB rules. Get in touch for a consultation or a demo.