SLIK System

Why NawaData’s SLIK System is a Game-Changer for Regulatory Reporting

NawaData’s SLIK System (Sistem Layanan Informasi Keuangan) is a comprehensive solution designed to help financial institutions streamline their regulatory reporting processes while ensuring compliance with Otoritas Jasa Keuangan (OJK) requirements. It offers robust features and advantages that simplify data management, validation, and reporting for various financial service providers, including banks, multi-finance companies, and pawnshops. In this article, we will explore why the SLIK System is an essential tool for regulatory compliance, highlighting its key features, advantages, and how it solves common pain points.

What is SLIK?

SLIK, or Sistem Layanan Informasi Keuangan (Financial Information Services System), represents a revolutionary shift from the traditional BI Checking methodology. It serves as a centralized platform that enables financial institutions to efficiently report a myriad of financial data, including customer credit profiles, loan disbursements, and various other financial transactions.

Key Advantages of the SLIK System

  1. Experienced and Expert Resources:
    NawaData provides an experienced team with deep expertise in SLIK Client and SLIK Web applications, ensuring seamless integration and support for clients during the reporting process.
  2. DataMart for Efficient Reporting:
    The SLIK System utilizes a DataMart to store and process large volumes of debtor information, which ensures accurate, efficient, and timely reporting.
  3. Wide Client Base:
    The system has been successfully implemented across a variety of clients, including major banks, multi-finance institutions, and pawnshops, showcasing its scalability and versatility.
  4. Automated and Scheduled Reporting:
    The system allows for both manual and scheduled report generation, offering flexibility depending on the institution’s specific reporting needs.
  5. Regulatory-Compliant Validation:
    The SLIK System includes validation rules based on OJK’s guidelines and enhances them using custom criteria from each client, ensuring reports meet all regulatory standards.
  6. Automated Data Processing:
    Data processing for SLIK reports is automated, minimizing manual intervention and reducing the risk of errors in data handling and validation.

Features of the SLIK System

NawaData’s SLIK System is equipped with features designed to make the regulatory reporting process as efficient and compliant as possible:

  1. Data Mapping Parameter:
    Users can configure data mapping parameters to match accounts with the required SLIK categories, ensuring accurate data classification.
  2. Validation Parameters:
    Customizable validation parameters allow users to ensure data accuracy and completeness according to both regulatory and internal business requirements.
  3. Text File Generation:
    The system supports generating text files in various formats, including All DataPartial Databy CIFby Account, or by error reports from OJK. This feature ensures seamless data submission to OJK in the correct format.
  4. Data Operations and Migration:
    The system includes comprehensive data operations tools, along with data migration features that ensure smooth transitions between legacy systems and the SLIK System.
  5. Data Cleansing Rules:
    To ensure data quality, the system applies data cleansing rules to identify and correct any inaccuracies, ensuring that only clean data is included in the final report.
  6. Dashboard for Monitoring:
    A user-friendly dashboard provides real-time monitoring of the reporting process, from data validation to report generation and submission.

Product Value Proposition

NawaData’s SLIK System is tailored to address the most common challenges faced by financial institutions in regulatory reporting:

  1. Expert Guidance for First-Time SLIK Reporters:
    For institutions reporting to SLIK for the first time, NawaData offers in-depth guidance on both technical and regulatory aspects, ensuring a smooth transition into compliance with SLIK Client and SLIK Web.
  2. Mirroring Validation with SLIK:
    The SLIK System mirrors OJK’s validation process, ensuring that any updates or changes to regulatory validation rules are immediately reflected in the reporting system. This eliminates discrepancies and helps avoid rejected submissions.
  3. Fast Report Generation:
    From initial data processing to generating a compliant text file, the end-to-end process of report generation takes no more than one hour, ensuring timely submissions and reducing the operational burden on financial institutions.

NawaData’s SLIK System Features

NawaData’s SLIK System is built with cutting-edge technology that enhances both efficiency and compliance. As noted in the brochure, the system is designed to meet the latest SEOJK No. 3/SEOJK.03/2021 standards, ensuring that institutions can quickly adapt to regulatory changes. It includes a NawaData Framework, a proprietary tool that accelerates the reporting process and allows for easy customization.

Further features include parameterized reference passwords that simplify the adjustment of access control as regulatory standards evolve. Additionally, it provides immediate email notifications for validation results, allowing institutions to respond swiftly to any errors, and securely stores proof of delivery for SLIK reports​.

Why NawaData’s SLIK System is the Ideal Choice

The NawaData SLIK System stands out for its flexibility, accuracy, and ease of use. It offers a comprehensive approach to managing regulatory reporting, from data mapping and cleansing to validation and text file generation. Financial institutions benefit from faster, more accurate reports that comply with OJK’s standards, without the time-consuming manual processes associated with traditional reporting methods.

Moreover, NawaData’s expert support team is available throughout the implementation process and beyond, providing guidance and ensuring that your institution remains compliant as regulatory requirements evolve.

Transform Your Reporting with NawaData’s SLIK System

The SLIK System by NawaData is a powerful solution for any financial institution seeking to streamline its regulatory reporting and ensure compliance with OJK’s stringent requirements. By leveraging automated processes, real-time validation, and expert support, the SLIK System can significantly reduce reporting time and enhance data accuracy.

Ready to elevate your regulatory reporting process? Contact NawaData now and discover how our SLIK System can revolutionize your approach to SLIK compliance.


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