- Be it through ever-changing technology, new regulations, or organization dynamics as part of a more connected world, organizations today need to stay on top. Through our deep Credit Bureau experience across varied clients, we take pragmatic, risk-based approach to develop pointed solutions that are unique to our client’s businesses
3.1 Bureau Alerts Management Tool
GS IT Alerts management tool is designed for those organizations that have subscribed/plan to benefit from AECB Alert offering. This tool helps Organizations to leverage AECB Alert service across Company Linked Alerts, Credit Risk Alerts, and Identification Alerts. GS-IT Alert tool helps to
- Build distribution capability across stakeholders based on the category of alert
- Provides admin and user access for allocation and reassignment of alerts
- Track action taken
- Build Alerts database and depositary
- Generate customized reports and MIS
3.2 Credit Data Submission Tool
Considering that all Financial entities in UAE are mandated to submit credit data to the Bureau as per UAE Federal Law. If you are responsible for credit bureau reporting, you have been seeking a way to streamline the credit data submission to the Bureau. Manually performing this process is far too time-consuming and unnecessary in today’s environment.
Our Intuitive & Intelligent reporting solution allows Banks and Financial Institutions an automated safe, secure and convenient method of submitting data to the Al Etihad Credit Bureau. It uses industry-standard tools and formats specified by the bureau, so your data will be compatible with credit bureaus requirements and reduce rejection rate.
Key processes covered:
- Subject submission
- Contract submission
- Subject update
- Contract update
- Portfolio transfer
Based on the need of the Subscriber for Data submission, GS-IT offers two products for Data submission to the bureau
3.2.1 GS- IT One-Click Data Submission Tool
One-Click credit data submission plugin tool is an automated excel tool that provides one-click conversion of excel files into customized XML files. It also helps to identify errors in the data based on specifications provided by the Al Etihad Credit Bureau. It allows you to easily report customer credit information to the Al Etihad Credit Bureau in the required Bureau format.
3.2.2 GS-IT End-To-End Data Submission Tool
GS IT end-to-end solution is a one-point solution and is designed to work in conjunction with your internal systems. It automatically collects data from your core systems and organizes information as per the required formats.
- Improves efficiencies – Automatically processes files from internal systems and creates Credit Bureau files through automation.
- A web-based solution with an innovative and intuitive dashboard.
- Analyze data, identifies errors and help improve data quality
- Rule engine to validate and ensure correct and consistent data.
- Proactively updates the format based on Bureau requirements to provide complete and accurate information
- Built-in Framework designed to integrate with external systems in a faster and efficient time frame.
- Comprehensive User Management module with Roles, Groups and Transaction access definition.
- Built-in Auto FTP service for pushing and pulling SFTP files
- Built-in Active directory integration