RegTech Solutions

ProtoMinds recommends and implements best-in-class financial regulatory compliance solutions and applications for addressing new, changing accounting standards for complete financial digital automation.

Compliance In Control

We focus on current financial compliance regulations and let you focus on what matters — managing (not guessing) the implications of regulations on your business.

Automate ASC 606 / IFRS 15 with RevPro Implementation

Thinking about implementing a Revenue Management System? ProtoMinds’ Rapid Delivery Model makes the process fast and easy.

FiNiCS – Financial Instruments – CECL

Protominds will provide a standardized automated solution with the capability to support all the three key areas and help financial institutions comply with current CECL regulation

RegTech Solutions for Digital Transformation

Leading RegTech Consulting & Services company based in California, serving a growing list of customers nationwide and internationally through its operations spread across USA, India & Australia. Our core areas of expertise are – Consulting and Services for Automation of Accounting Standards Compliance, Enterprise Financial Solutions and Analytics. We deliver ‘best in class Financial Controls and Automation, Systems Integration as well as value-added consulting services to organizations of all sizes and industries

Protominds offers software solutions to automate regulatory data requirements for enterprises and financial institutions to optimize the cost of change involved with each new evolution of financial regulations through Regulation-as-a-Service (RaaS) in a software framework platform enabling enterprises & financial institutions to process large volumes of granular data and output the required regulatory data, calculations, risks and reports with the necessary controls and governance.

Our core areas of expertise are – Consulting and Solutions for Automation of Accounting Standards Compliance, Enterprise Financial Solutions and Analytics. We deliver ‘best in class Financial Controls and Automation, Systems Integration as well as value-added consulting services to organizations of all sizes and industries.

Expertise

ProtoMinds’ deep technical expertise addresses customers implementation challenges and ensures the most positive outcomes possible.

Technology

Rich suite of licensable technology assets
& strong symbiotic ecosystem
partnerships for faster time-to-market

Quality

Top drawer quality management system
ensuring consistent field-ready
commercial grade software delivery

Testimonial

To

The CEO, Protominds

We are using FiNiCS, a software application developed by Protominds to calculate the Expected Credit Loss (ECL) for one of our clients for the last several quarters. ECL is computed by the system as per the requirements of the Accounting Standards for Financial Instruments. The system computes Probability of Default (PD) which in turn is used to to construct multiple scenarios based on forward looking macro economic data to compute the probability weighted scenarios for that loan portfolio. The loan portfolio had about 1.20 million mortgage loans having an approximate outstanding principal amount of INR 20 Billion (USD 300 Million).

Mumbai
August 13, 2019

For Y. M. Desai & Co
Chartered Accountants
Sd/-
Yagnesh Desai
Proprietor
M.No. 34975

 

 

How ProtoMinds Engages with Customers

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Consulting

Our financial experts can review accounting guidance with you and assist in developing internal GAAP accounting policies and procedures. We make it a point to stay up-to-date on changes in FASB and IASB rules to ensure our clients are fully compliant.
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Implementation

We specialize in implementation of enterprise financial applications like Oracle and NetSuite as well as specialty packages like RevPro. Count on us to ensure your systems are fully integrated.
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Professional Services

We act as your outsourced IT department, working closely with you to handle all details of infrastructure management, operations, cloud transformation and integration of business applications.
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Support

Our expert support staff is available to you around-the-clock and around the world. Our 24/7 Level 1-3 tech support is available both onsite and offsite, depending on your needs. With ProtoMinds, you are never alone.

PCAOB issues new guidance on auditing estimates

… audit estimates, but also how to audit the fair value of financial instruments, how to supervise or use the work of a specialist engaged by the auditor, …

United States: Agencies Finalize Elements Of Volcker 2.0

The effective date of the Final Rule is January 1, 2020, with compliance … Eliminating the rebuttable presumption for financial instruments held for …

‘WARM’ing Up: Pros and Cons of Using WARM for CECL Implementation

While the WARM methodology has some similarities to other CECL … institutions can use Call Report data to help with CECL compliance until the …

Weakening Dodd-Frank’s Volcker Rule Puts Depositors And Tax Payers At Risk

… significantly the scope of financial instruments covered by the Volcker Rule. … Banks will have one year as of the beginning of 2020 to comply.

Blockchain securities issuance platform iownit.us obtains approval from FINRA

It has been purpose-built to allow issuance of private securities such as equities, debt or other financial instruments in a regulatory-compliant manner …

Banks Get Some Relief in Volcker-Rule Changes

Two financial regulators on Tuesday approved changes relaxing trading … Banks have long complained the rules were hard to comply with and that they … would reduce the scope of financial instruments covered by the Volcker rule …

Banks Get Some Relief in Volcker-Rule Changes

Two financial regulators on Tuesday approved changes relaxing trading … Banks have long complained the rules were hard to comply with and that they … would reduce the scope of financial instruments covered by the Volcker rule …

iownit.us Receives Approval of its FINRA Membership as Registered Broker-Dealer

It is purpose-built to allow issuance of private securities such as equities, debt or other financial instruments in compliance with all applicable federal …

iownit.us Receives Approval of its FINRA Membership as Registered Broker-Dealer

It is purpose-built to allow issuance of private securities such as equities, debt or other financial instruments in compliance with all applicable federal …

Ent Credit Union Selects Moody’s Analytics CECL Solution

“Although standard-setters have extended the CECL compliance deadlines for many banks and credit unions, implementation should not be delayed,” …