Stop building compliance reports
Global banking rules are a mess. Instead of building custom reports for every regulator, what if you could submit your data once and be done? Here's the API for that.
Note: A generated audio podcast of this episode is included below for paid subscribers.
⚡ The Signal
Global financial regulations are supposed to create stability. Instead, they're creating chaos. While the goal has been harmonization, the reality is a growing fragmentation, with major markets like the US, EU, and Japan adopting standards like Basel III at different speeds and with unique local tweaks. This divergence is creating a minefield for any bank operating across borders, forcing them to navigate a thicket of disconnected rules.
🚧 The Problem
A multinational bank might need to report risk data to the Federal Reserve in the US, the ECB in Europe, and the FSA in Japan. Each regulator has its own specific format, its own set of required calculations, and its own submission portal.
The result? Massive, duplicated engineering effort. Banks build and maintain brittle, custom pipelines for every single jurisdiction. A small rule change in one country can trigger a costly, months-long IT project. It’s inefficient, expensive, and dangerously prone to error. This isn't a niche issue; it's a multi-million dollar headache for every global financial institution.
🚀 The Solution
Enter Komply.
Komply is a simple, powerful API that acts as the universal translator for global financial compliance. Instead of building dozens of unique reporting engines, banks integrate one API. They submit their raw risk and exposure data to Komply, and we handle the rest.
Need to file a FR Y-9C in the US? Call the Komply endpoint with "US-FED-Y9C" as the target format. Need to generate a COREP report for the EU? Just change the target. Komply ingests the raw data and transforms it into the precise, jurisdiction-specific format required, saving banks millions in duplicative engineering and letting them focus on actual risk management, not report formatting.
