With the implementation of the Tezauri™ DWH and Tezauri™ Regulatory Reporting solution, the Bank has fully automated the preparation and submission of statutory reports to the National Bank of Serbia, the Deposit Insurance Agency, and the Credit Bureau.

Given the Bank’s extensive regulatory reporting obligations—including more than 200 statutory reports submitted to the National Bank of Serbia and other regulatory authorities—the new solution has delivered a simple, reliable, and highly efficient reporting framework. In addition, the platform provides the flexibility required to quickly adapt to future regulatory changes, ensuring long-term compliance and operational efficiency.

The implementation of the Tezauri™ DWH solution enabled regulatory reports to be generated from a centralized data repository, eliminating the challenges associated with multiple data integrations and consolidations across different sources.

At the same time, a higher degree of automation, combined with simplified management, control, and maintenance of the reporting system, has resulted in significant savings in both time and effort for employees involved in reporting activities. In addition to reducing operational risk, the solution provides higher-quality and more reliable information for management and supervisory purposes, further enhancing decision-making and governance processes.

The implementation process was accompanied by several challenges that had a significant impact on both its timeline and overall execution. Shortly before the start of the Tezauri™ implementation, the Bank launched a project to replace its existing core banking system with a new platform. As this initiative took considerably longer than originally anticipated, the implementation of the Tezauri solution had to be paused and resumed several times throughout the project lifecycle.

This project dynamic added complexity to the implementation process, as teams were required to repeatedly reacquaint themselves with the Bank’s business requirements and priorities whenever activities resumed. The discontinuity in execution also resulted in certain tasks having to be revisited and repeated to ensure alignment with changes that had occurred over time. Despite these challenges, the strong collaboration between all stakeholders enabled the successful completion of the project and the achievement of its intended objectives.

The project scope included the implementation of the Tezauri™ DWH solution as an optimal centralized data repository for collecting, integrating, and managing all data required for regulatory reporting. By establishing a single source of truth, the Bank created a reliable foundation for consistent and efficient management of regulatory information across the organization.

With the implementation of the Tezauri™ Regulatory Reporting solution, the Bank achieved a high degree of automation in statutory reporting while ensuring full consistency and comparability across all regulatory reports. All reports are generated from the same underlying data set and governed by a unified metadata model defining their content, ensuring data consistency, transparency, and reliability throughout the regulatory reporting process.

A unique characteristic—and one of the key challenges—of this project was the multiple interruptions in the implementation of the Tezauri™ solution while awaiting the completion of the Bank’s new core banking system implementation. This project dynamic required a high degree of flexibility, continuous coordination among all stakeholders, and the reactivation of certain project activities following extended periods of inactivity.

Despite these challenges, the strong commitment and professionalism demonstrated by both the Bank’s and ASEE’s project teams ensured the successful delivery of the project and the completion of the implementation in line with its objectives.