Case Study
AfrAsia Bank Simplifies Regulatory Reporting Using IRIS iDEAL
AfrAsia Bank Simplifies Regulatory Reporting Using IRIS iDEAL Becomes First Mauritian Bank To Adopt Automated Data Flow October 20152 Case study AfrAsia Bank becomes First Mauritian Bank to adopt Automated Data Flow approach for Data Collection and Regulatory Reporting Gains efficiency and transparency by using IRIS iDEAL The Situation T he Bank of Mauritius (BOM), which is the central bank of Mauritius, issued a mandate in December 2014 to all banks asking them to report their regulatory returns in XBRL. To enable this directive, BOM embarked on a project, XBRL-based Reporting System, Data Warehouse and Business Intelligence Tools, consisting of the automation of BOM’s data collection, management and processing system. All banking institutions were required to submit