Lightwell announces new B2B Regulatory Data Exchange Framework for banking, insurance and government
The Lightwell B2B Regulatory Framework, enhanced by CoreFiling XBRL technology, is designed to accelerate the implementation of regulatory mandates and improve the security, management and visibility of regulatory data exchange.
Portsmouth, Hampshire, 10 March 2015 -- Lightwell, a leading technology solutions and services provider, has announced the availability of its new B2B Regulatory Data Exchange Framework. The new solution is designed to jumpstart regulatory data exchange projects and enable government agencies, regulators, banks, and insurance companies to take a security-rich B2B integration approach to exchanging business performance data.
"The extensible framework will help organisations minimize risk and accelerate the implementation of regulatory mandates by combining the advanced capabilities of the leading B2B integration and secure managed file transfer platforms, the enterprise strength XBRL processing capability from CoreFiling, and our expertise gained across numerous implementations," said Ian Wells, Lightwell's Managing Director, EMEA. "It provides secure, managed file transfer for the exchange of regulatory data and includes pre-built, standardised business processes and visibility tools."
The B2B Regulatory Exchange Framework also includes built-in reporting of obligations management, traceability and auditing for monitoring and queries, with full access to the results of applied regulatory business rules.
Based on patterns and assets used on global projects, the framework can be used by financial, government and insurance organisations - with diverse levels of technology sophistication - as a standardised infrastructure to validate and submit reporting data in multiple formats to regulators across multiple jurisdictions. The framework is also designed to simplify and accelerate the implementation of the essential gateways through which regulators receive, validate and process the reported data. Furthermore, the solution helps to improve efficiency while reducing burden on internal staff.
"We are excited about our new framework offering with CoreFiling and the benefits it will deliver to our clients in banking, insurance and government," continued Wells. "This is an excellent addition to our growing list of solutions designed to help companies achieve greater ROI from their technology investments, streamline complex processes, and increase efficiency across the enterprise."
Interested parties may learn more about the B2B Regulatory Framework by contacting Lightwell at +44 (0) 845 226 0979 in Europe. Additional information about Lightwell, its services and solutions is available at http://www.lightwellinc.com.
Lightwell develops and implements technology solutions that answer critical business challenges. The company serves businesses across North America and Western Europe that have a desire to more effectively interconnect and manage information for optimal business performance. Their technology services and solutions.including B2B integration, managed file transfer, e-commerce, order management, supply chain management, and IT staffing.enable cost reduction, increase customer satisfaction, and accelerate growth. Lightwell is headquartered in the United States with two offices in the United Kingdom.
CoreFiling have been providing straightforward solutions for online filing for over ten years. Known for high quality modelling, data validation and development services, CoreFiling also provide XBRL consulting and enhanced data management to filers, regulators, exchanges and the financial community. Regulators, government agencies and corporations around the world rely on CoreFiling for XBRL-based performance reporting solutions. Senior management and developers are active members of the XBRL consortium which oversees the development of the XBRL specifications.