Skip to main content

​
The Challenge

A banking institution processes millions of transactions daily, including deposits, withdrawals, and fund transfers. With intensifying regulatory scrutiny and compliance requirements, the bank faces significant challenges in maintaining comprehensive audit trails, producing examiner-ready documentation, and ensuring complete regulatory compliance across all transaction activities.

​
Our Solution

Sigma Reporting Suite provides both manual and automated reporting capabilities, generating regulatory-compliant reports for NFIU, CBN, and EFCC. The system supports:

  • →Automated rule-based report generation using AI and Transaction Monitoring
  • →Manual report creation via CSV upload or transaction selection
  • →CTR, FTR, STR, and SAR report types for comprehensive compliance
  • →Complete workflow from draft creation to regulatory submission

    • Sigma acts as a central reporting hub, providing financial institutions with comprehensive regulatory compliance capabilities, automated report generation, and streamlined submission processes to Nigerian regulatory authorities including NFIU, CBN, and EFCC.

    ​
    How It Works

    1

    Set up reporting entities and agents in Sigma Reporting → Preferences

    2

    Create reports manually via CSV upload or automatically using intelligent rules

    3

    Submit reports for review, get approval, and generate XML files with attachments

    4

    Submit approved reports directly to NFIU and maintain complete audit trails

    ⌘I