Brunei’s central bank selects Vizor for financial data revamp
Autoriti Monetari Brunei Darussalam (AMBD), the central bank of Brunei, has partnered with regulatory fintech vendor, Vizor Software.
AMBD will use Vizor’s solution to collect financial data from external entities via a single portal, to generate reports and insights. AMBD says this is a key step to building a sound and dynamic financial system.
The new workflow engine is expected to improve the supervisory lifecycle and the quality of data collected for automatic validation checks. The solution will also reduce the need for paper-based returns and reports at AMBD.
Headquartered in Ireland, Vizor Software provides supervision software to financial regulators in about 30 countries.
By Soumik Roy, editorial contributor to Banking Technology