Regulatory Reporting

Together with STB Systems Ltd., Cygnet has developed report templates and key analytical applications for the financial services industry. STB Systems Ltd. is a world leader in regulatory reporting solutions with complete solutions already available for the United Kingdom, USA, Ireland, Hong Kong, Singapore and South Africa. In order to facilitate rapid and reliable development of regulatory reporting requirements for new countries, STB developed a proprietary set of software business tools, which allow such development to be performed by business people, without any need to develop new computer software, with the same high level of functionality identically delivered everywhere around the world. STB's business strategy is to further expand coverage of other national financial regulatory requirements, either by direct development or in conjunction with local partners. In Indonesia, STB has identified Cygnet as the strategic partner with the right abilities and market awareness to deliver and support a complete BI solution.

STB has developed world class regulatory, anti money laundering and compliance systems delivering industry-leading products like STB-Reporter, STB-Detector and STB-GlobalView.