Business and Information Technology Working Together for the Regulator Stephen Hord, Director of Product Development – UBmatrix.

Business and Information Technology Working Together

for the Regulator

Stephen Hord, Director of Product Development – UBmatrix

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About Me – Steve Hord Director Of Product Development – UBMatrix

12 + years in the Technology Industry Adobe – Print Publishing and PDF teams Online Travel Solutions Travelport -> Orbitz

XML and Rules Engines

2 + years at UBmatrix Managed UBMatrix FFIEC Solution Oversee Development of Solutions for Regulators

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Most Recent eBay Purchase

1967 Moto Guzzi V7

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Introduction

The Goal of XBRL in the Regulatory Environment

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The Goal of XBRL in the Regulatory Environment

Easier and Faster Data Collection and Publishing

Electronic Forms and Documentation Electronic Validation (Consistency Across Forms)

Offline Access to Presentation (Forms) and Pre-Validation of Aceptance Rules

Historic Reference (prior period data)

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The Goal of XBRL in the Regulatory Environment

Reduce Risk in Regulated Industries

Reduce reporting irregularities from human error Consistent collection of data across industries and

segments Automated Analysis Faster Data Publishing

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How Do I Implement XBRL

The Analyst and the Information Professional

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How Do I Do It

Today's Systems Often Forms Driven (Maybe Paper) Duplicated/Inconsistent Definitions Across Forms Programmatic Validation Rule Hard coded Collection Cycles

Tomorrows Systems Data Driven Collection Validation Workflow Driven by the Data XBRL Ensures Consistent Models Re-use Data in Multiple Presentations

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How Do I Do It

Analysts focus on the content Focus on the data not the forms

Separate data from presentation Enforce consistency across your forms Ensure comparability

Collect supporting data to ensure validity

Publish your rules - not your analysis Private Rules for internal Use Public Rules for Document Validation

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How Do I Do It

Analysts focus on the content Create Reportability Rules

Encode your instructions in Business Rules Reduce Respondent workload from reporting the

wrong forms

If Assets < 100M

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How Do I Do IT

IT professionals focus on workflow/collection

Put flexible tools in the hands of the Business Analyst

Don’t require a programmer to change a form, presentation, or validation rule

Allow for new reporting segments without new code

Small banks report quarterly/Big banks monthly (or by rating etc)

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How Do I Do It

Information Architect Put as much content into the message as

possible - XBRL is the message Enforce change control and versioning on the

content – Taxonomies have a Development Life Cycle and Require Project Management

Design for Content Driven Workflow Use Message Queue Flexible Storage

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Measure Your Success

Key Attributes of a good XBRL System

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Success Criteria

Key Attributes of a Good XBRL System Well Defined Content

Data Elements are defined, documented and Standardized

Business rules support Data Validation If you have Forms they are part of the Taxonomy Reporting Rules Driven Client Software

Automated Acceptance Workflow Off-line Validation Workflow Driven by the Contents

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Success CriteriaCost savings to the analyst

Reduced busy work Increased analyst productivity

Cost savings to the IT dept Faster data publishing No retooling for new data/forms/rules

Cost Savings to the Respondent Real-time Acceptance and Validation

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Wrap up

Separate the content of what you collect from the way you collect it

Analysts focus on the Content Data model, Rules, Presentation

IT Professional focus on the Collection Messages and Workflow

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Taxonomy

Banks

FormBuilder

QA

XBRL Product Development Cycle

Automated processes

Quick checklist review

Minimal verification

Automated process

Meet deadlines

Focus on Enhancements

Time: 1 Hour

Release

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Sample Taxonomy

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Sample Form Presentation

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Sample GUI

HTML GUI file added into FormBuilder

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Contact Information

Mark FahlsingJack Henry & Associates(888) 345-4649mfahlsing@jackhenry.comwww.jackhenry.com

Steve HordUBmatrix(425) 285-0200

steve.hord@ubmatrix.comwww.ubmatrix.com