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The Vizor Software 2019 Release offers new API based integration to SupTech systems. It includes support for new interactive dashboards and delivers additional self-service enhancements, building on last year’s release. 2019 sees further Cybersecurity improvements, and the commercial availability of Vizor Cloud providing new deployment options for financial supervisors.
API Connectors are used for machine-to-machine integration and provide new ways to integrate SupTech systems.
The new functionality is used to push data and metadata from the operational database to third party REST APIs. As part of this release, we have developed two REST JSON connectors which allow data to be distributed to downstream systems. This might include document management systems, ERP systems or partner agency systems.
Business departments wish to roll-out new data requirements more quickly and more frequently, but IT departments are overburdened, which can cause significant delays in preparing the right development or testing environments. Vizor Cloud allows customers to more rapidly take advantage of new innovations from Vizor.
Vizor Cloud – Builder Environment is an on-demand, self-service configuration environment to manage changes to regulatory returns, internal processes and build new releases. It allows business users manage these changes without needing to draw on specialist IT resources.
A Cloud Quality Assurance (QA) environment is also available for use before deploying to production environments. This testing environment includes on-demand Vizor Portal and Supervision Centre with the customers latest candidate metadata. Let Vizor quickly deploy the environment without impacting the production system and scale resources as needed based on demand.
Customers are using a range of Business Intelligence (BI) tools to analyse collected data, but this is typically based on a ‘downstream’ data warehouse. The new Dashboards provide supervisors with earlier access to key indicators in a graphical interface. The 2019 release includes a set of standard Executive and Operational Dashboards which leverage the immediately accessible ‘upstream’ data.
The Industry Dashboard provides a summary view at the industry level based on 16 data fields of choice over the last 4 quarters. This is complemented by a Ratio Analysis Dashboard that converts the data points into key indicators and allows the user to quickly toggle between peer groups of reporting entities or focus on specific high impact entities. Also included is an Operational Dashboard to measure operational performance of the data collection process and the specific entity or validation issues.
The 2019 release provides continued enhancements in the area of self-service, building on the major upgrades included in the 2018 release. This includes further improvements to the XML Importer to allow updates to pre-existing data models based on an evolving third-party schema. Furthermore, native Vizor schemas can now be specified, imported and exported via an Excel template, similar to the previously upgraded Rules Importer.
The release also includes a new Notification feature. This allows supervisory staff with the appropriate permissions to send notifications to other users when needed, independent of pre-defined workflows. A sample use case could be a notification on a new reporting obligation, to a particular group of reporting entity users. Another new feature to aid communication with external users is Manage Web-Site Content. This allows designated supervisory staff to add key communication messages to the Vizor Portal. Such messages might concern upcoming scheduled maintenance or other broadcast announcements.
The 2019 release also sees Vizor Regulatory Returns extended to support the collection, validation and management of iXBRL financial statements. A new Cybersecurity module protects regulatory data from emerging cybersecurity threats with active monitoring and advanced authentication.
Existing customers, please contact the support team to receive the full 2019 Product Release notes.