Thomas BedarAs the Swiss authorities prepare for the transition to goAML version 5, set to be operational by January 1st, 2025, we understand the urgency and challenges of aligning with the new reporting requirements. The recent communication from MROS has emphasized the necessity for financial institutions to implement the latest schema and asserts by the deadline.
At SpeciTec, we specialize in automating regulatory reporting processes, and our software SpeciSAR is fully equipped to handle the upcoming changes seamlessly. Our solution supports:
- Full compliance (transactions included) with Schema 5, ensuring accurate and timely reports, including transaction details, for MROS submission.
- Automated updates to reflect the latest asserts, minimizing manual effort and reducing the risk of errors.
- Parallel IT tool operation for clients transitioning early in Q4 2024, allowing continued support for the current XSD schema while testing the new version.
SpeciSAR will help you to streamline the MROS reporting from your core banking system and any other source of data, so that you can avoid potential disruptions and focus on your core business.
The goAML test environment is already updated.
